Franco-Nevada Co. (TSE:FNV) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$184.00.

A number of research firms recently commented on FNV. BMO Capital Markets lowered their price target on shares of Franco-Nevada from C$200.00 to C$195.00 in a report on Wednesday, March 6th. Scotiabank lowered their price target on shares of Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating on the stock in a report on Thursday, March 7th. Bank of America lifted their price target on shares of Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Veritas Investment Research lifted their price objective on shares of Franco-Nevada from C$149.00 to C$173.00 in a research note on Friday, April 12th. Finally, National Bankshares reduced their price objective on shares of Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating for the company in a research note on Thursday, March 7th.

Insider Activity

In other news, Director Paul Brink sold 2,315 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$157.33, for a total transaction of C$364,221.50. In other news, Director Paul Brink sold 2,315 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$157.33, for a total transaction of C$364,221.50. Also, Senior Officer Eaun Harrison Gray sold 330 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$156.69, for a total transaction of C$51,707.70. Insiders sold 16,839 shares of company stock worth $2,686,396 in the last three months. Corporate insiders own 0.69% of the company’s stock.

Franco-Nevada Price Performance

Franco-Nevada stock opened at C$167.53 on Friday. Franco-Nevada has a 52 week low of C$139.19 and a 52 week high of C$217.70. The company’s 50 day moving average price is C$154.46 and its two-hundred day moving average price is C$157.64. The company has a quick ratio of 23.26, a current ratio of 41.21 and a debt-to-equity ratio of 1.63. The stock has a market cap of C$32.20 billion, a P/E ratio of -50.31, a P/E/G ratio of 5.00 and a beta of 0.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its earnings results on Tuesday, March 5th. The company reported C$1.23 EPS for the quarter, topping the consensus estimate of C$1.07 by C$0.16. The firm 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, equities analysts predict that Franco-Nevada will post 4.2780116 earnings per share for the current year.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were 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 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Wednesday, March 13th. Franco-Nevada’s payout ratio is -58.86%.

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.