Franco-Nevada (TSE:FNV) Upgraded by UBS Group to Strong-Buy Rating

UBS Group upgraded shares of Franco-Nevada (TSE:FNV) (NYSE:FNV) to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

Other equities analysts have also issued reports about the company. National Bankshares dropped their target price on Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. Stifel Nicolaus upped their target price on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. CIBC dropped their target price on Franco-Nevada from C$265.00 to C$235.00 in a research note on Friday, November 8th. Canaccord Genuity Group dropped their price target on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research note on Monday. Finally, TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Franco-Nevada presently has a consensus rating of “Buy” and an average target price of C$189.80.

Franco-Nevada Stock Performance

Franco-Nevada stock opened at C$172.15 on Monday. The firm has a market capitalization of C$33.13 billion, a P/E ratio of -41.09, a PEG ratio of 5.00 and a beta of 0.68. The stock has a fifty day moving average price of C$172.34 and a 200 day moving average price of C$169.47. Franco-Nevada has a 52 week low of C$139.19 and a 52 week high of C$191.17. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63.

Franco-Nevada Cuts Dividend

The business 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 dividend of $0.487 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.95 annualized dividend and a dividend yield of 1.13%. Franco-Nevada’s payout ratio is currently -46.30%.

Insider Activity at Franco-Nevada

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the stock in a transaction on Monday, September 16th. The stock was purchased at an average price of C$168.95 per share, for a total transaction of C$136,001.53. Following the purchase, the director now directly owns 805 shares in the company, valued at C$136,001.53. This trade represents a ? increase in their ownership of the stock. Company insiders own 0.69% of the company’s stock.

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.