Franco-Nevada Co. (TSE:FNV) Receives C$190.80 Average Price Target from Analysts

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) has earned a consensus rating of “Buy” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$190.80.

FNV has been the topic of several recent research reports. UBS Group upgraded Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. CIBC raised their target price on shares of Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Stifel Nicolaus boosted their price target on shares of Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Finally, Canaccord Genuity Group cut their price objective on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a report on Monday, November 18th.

Franco-Nevada Stock Up 0.2 %

TSE:FNV opened at C$171.05 on Wednesday. The stock’s fifty day moving average price is C$174.05 and its two-hundred day moving average price is C$169.71. The company has a market cap of C$32.92 billion, a price-to-earnings ratio of -40.82, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 52-week low of C$140.59 and a 52-week high of C$191.17. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11.

Franco-Nevada Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.487 dividend. This represents a $1.95 annualized dividend and a yield of 1.14%. The ex-dividend date was Thursday, December 5th. Franco-Nevada’s payout ratio is presently -46.30%.

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.