Franco-Nevada Co. (TSE:FNV) Receives Consensus Rating of “Buy” from Analysts

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have been assigned an average rating of “Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$190.80.

Several brokerages have issued reports on FNV. UBS Group raised Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Stifel Nicolaus upped their target price on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. Canaccord Genuity Group lowered their target price on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a research report on Monday, November 18th. Finally, CIBC upped their target price on Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd.

Franco-Nevada Price Performance

Shares of FNV opened at C$182.04 on Friday. Franco-Nevada has a 52-week low of C$140.67 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. The business’s 50 day moving average price is C$171.88 and its two-hundred day moving average price is C$170.91. The firm has a market cap of C$35.03 billion, a PE ratio of -43.45, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68.

Franco-Nevada Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.487 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.95 annualized dividend and a yield of 1.07%. Franco-Nevada’s dividend payout ratio (DPR) is currently -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.