Eaun Harrison Gray Sells 330 Shares of Franco-Nevada Co. (TSE:FNV) Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Senior Officer Eaun Harrison Gray sold 330 shares of Franco-Nevada stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total transaction of C$51,707.70.

Franco-Nevada Stock Performance

TSE:FNV opened at C$159.13 on Thursday. The firm has a market cap of C$30.58 billion, a price-to-earnings ratio of -48.08, a price-to-earnings-growth ratio of 5.00 and a beta of 0.59. The company has a debt-to-equity ratio of 1.63, a current ratio of 41.21 and a quick ratio of 23.26. Franco-Nevada Co. has a 1-year low of C$139.19 and a 1-year high of C$217.70. The firm’s fifty day moving average price is C$148.37 and its 200 day moving average price is C$160.20.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.16. The business had revenue of C$412.95 million for the quarter. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. On average, sell-side analysts expect that Franco-Nevada Co. will post 4.038591 EPS for the current year.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be given a dividend of $0.477 per share. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.47. This represents a $1.91 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Wednesday, March 13th. Franco-Nevada’s payout ratio is presently -58.91%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Raymond James cut their target price on Franco-Nevada from C$146.00 to C$138.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Canaccord Genuity Group reduced their price objective on Franco-Nevada from C$170.00 to C$165.00 in a research note on Wednesday, December 6th. National Bankshares lowered their target price on shares of Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 7th. Stifel Nicolaus reduced their price target on shares of Franco-Nevada from C$186.00 to C$182.00 in a research report on Friday, January 26th. Finally, Scotiabank decreased their price target on shares of Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$189.46.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.