Franco-Nevada (TSE:FNV) Price Target Raised to C$200.00 at Eight Capital

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective raised by Eight Capital from C$190.00 to C$200.00 in a research note published on Monday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research firms have also commented on FNV. National Bankshares cut their price target on shares of Franco-Nevada from C$172.50 to C$170.00 and set a sector perform rating on the stock in a report on Thursday, March 7th. Veritas Investment Research raised their price target on shares of Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. Bank of America increased their price objective on shares of Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. Raymond James lowered their price objective on shares of Franco-Nevada from C$146.00 to C$138.00 and set an outperform rating for the company in a research report on Thursday, March 7th. Finally, Scotiabank lowered their price objective 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 report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of C$186.50.

Franco-Nevada Trading Down 3.0 %

Shares of FNV stock opened at C$162.00 on Monday. The firm has a market cap of C$31.13 billion, a P/E ratio of -48.65, a PEG ratio of 5.00 and a beta of 0.63. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$217.70. The company has a debt-to-equity ratio of 1.63, a current ratio of 41.21 and a quick ratio of 23.26. The firm’s 50-day simple moving average is C$155.17 and its 200-day simple moving average is C$157.16.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 EPS for the quarter, beating the consensus estimate of C$1.07 by C$0.16. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. The firm had revenue of C$412.95 million for the quarter. As a group, equities analysts forecast that Franco-Nevada will post 4.2780116 EPS for the current year.

Franco-Nevada Increases Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 1.18%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.47. Franco-Nevada’s dividend payout ratio (DPR) is presently -58.86%.

Insider Transactions at Franco-Nevada

In other Franco-Nevada news, Senior Officer Sandip Rana sold 10,749 shares of Franco-Nevada stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total value of C$1,722,952.91. In other Franco-Nevada news, Director Paul Brink sold 3,445 shares of Franco-Nevada stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85. Also, Senior Officer Sandip Rana sold 10,749 shares of Franco-Nevada stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. Over the last quarter, insiders sold 16,839 shares of company stock valued at $2,686,396. 0.69% of the stock is currently owned by corporate insiders.

Franco-Nevada Company Profile

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.