CIBC Cuts Franco-Nevada (TSE:FNV) Price Target to C$235.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price trimmed by CIBC from C$265.00 to C$235.00 in a report released on Friday,BayStreet.CA reports.

A number of other research firms have also recently commented on FNV. BMO Capital Markets upped their price target on Franco-Nevada from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. National Bankshares decreased their price target on Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. Canaccord Genuity Group upped their price target on Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. Stifel Nicolaus upped their price target on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Finally, TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$189.80.

Franco-Nevada Trading Down 2.8 %

FNV opened at C$170.39 on Friday. Franco-Nevada has a one year low of C$139.19 and a one year high of C$191.17. The stock has a market capitalization of C$32.79 billion, a PE ratio of -40.67, a P/E/G ratio of 5.00 and a beta of 0.68. The business’s 50 day moving average price is C$172.43 and its 200 day moving average price is C$169.47. 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 (TSE:FNV) (NYSE:FNV) last released its quarterly earnings data on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing analysts’ consensus estimates of C$1.07 by C($0.04). Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. The business had revenue of C$355.88 million during the quarter. As a group, equities research analysts expect that Franco-Nevada will post 3.1114111 EPS for the current year.

Franco-Nevada Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.487 dividend. This represents a $1.95 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, December 5th. Franco-Nevada’s dividend payout ratio (DPR) is presently -46.30%.

Insider Activity at Franco-Nevada

In other news, Director Nicholas Hugo Housby Dryland bought 805 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were acquired at an average price of C$168.95 per share, for a total transaction of C$136,001.53. Following the completion of the transaction, the director now owns 805 shares of the company’s stock, valued at approximately C$136,001.53. 0.69% of the stock is currently owned by corporate insiders.

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.