Brokerages Set Franco-Nevada Co. (NYSE:FNV) PT at $145.33

Shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) have been given an average rating of “Moderate Buy” by the ten brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $145.33.

FNV has been the subject of several analyst reports. UBS Group began coverage on shares of Franco-Nevada in a report on Monday, November 18th. They issued a “buy” rating and a $160.00 target price for the company. Bank of America downgraded shares of Franco-Nevada from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $142.00 to $139.00 in a research note on Tuesday, October 1st. Jefferies Financial Group cut their target price on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th.

Institutional Investors Weigh In On Franco-Nevada

Several large investors have recently modified their holdings of the business. Fiduciary Family Office LLC purchased a new position in Franco-Nevada during the fourth quarter valued at approximately $218,000. Mutual Advisors LLC boosted its position in Franco-Nevada by 4.0% during the 4th quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company’s stock valued at $309,000 after acquiring an additional 96 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Franco-Nevada by 1.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,286 shares of the basic materials company’s stock valued at $1,680,000 after acquiring an additional 241 shares during the period. SG Americas Securities LLC raised its position in shares of Franco-Nevada by 3.3% in the 4th quarter. SG Americas Securities LLC now owns 36,643 shares of the basic materials company’s stock worth $4,309,000 after acquiring an additional 1,168 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Franco-Nevada by 3.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 9,387 shares of the basic materials company’s stock worth $1,104,000 after purchasing an additional 326 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Price Performance

Shares of NYSE FNV opened at $125.81 on Thursday. The stock has a market capitalization of $24.22 billion, a P/E ratio of -39.81, a PEG ratio of 6.90 and a beta of 0.72. Franco-Nevada has a 1-year low of $103.64 and a 1-year high of $137.60. The business’s 50 day moving average is $120.87 and its two-hundred day moving average is $123.84.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). The company had revenue of $275.70 million for the quarter, compared to the consensus estimate of $279.11 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. As a group, equities research analysts anticipate that Franco-Nevada will post 3.2 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, December 5th. This represents a $1.44 annualized dividend and a dividend yield of 1.14%. Franco-Nevada’s dividend payout ratio is currently -45.57%.

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.