Franco-Nevada Co. (TSE:FNV) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$188.82.

A number of analysts have recently commented on the company. National Bankshares boosted their price objective on Franco-Nevada from C$190.00 to C$195.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Eight Capital upped their price objective on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Raymond James lifted their target price on shares of Franco-Nevada from C$150.00 to C$151.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Stifel Nicolaus upped their price target on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, Canaccord Genuity Group lifted their price objective on Franco-Nevada from C$168.00 to C$177.00 in a report on Tuesday, April 23rd.

Franco-Nevada Stock Performance

FNV opened at C$163.03 on Wednesday. The firm has a fifty day moving average price of C$166.73 and a 200 day moving average price of C$156.63. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$198.00. The stock has a market cap of C$31.35 billion, a P/E ratio of -47.12, a P/E/G ratio of 5.00 and a beta of 0.62. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.40 and a quick ratio of 23.26.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings data on Wednesday, May 1st. The company reported C$1.02 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.94 by C$0.08. The business had revenue of C$346.20 million during the quarter. Franco-Nevada had a negative net margin of 39.96% and a negative return on equity of 7.75%. Equities research analysts anticipate that Franco-Nevada will post 4.5495327 earnings per share for the current year.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were issued a dividend of $0.487 per share. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.48. This represents a $1.95 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Wednesday, June 12th. Franco-Nevada’s payout ratio is currently -57.23%.

Insider Activity

In other news, Director Paul Brink sold 13,076 shares of Franco-Nevada stock in a transaction on Thursday, May 30th. The stock was sold at an average price of C$170.21, for a total transaction of C$2,225,654.19. In other Franco-Nevada news, Director Jacques Perron bought 290 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average price of C$173.05 per share, with a total value of C$50,184.50. Following the completion of the purchase, the director now directly owns 983 shares in the company, valued at C$170,108.15. Also, Director Paul Brink sold 13,076 shares of Franco-Nevada stock in a transaction on Thursday, May 30th. The shares were sold at an average price of C$170.21, for a total value of C$2,225,654.19. Insiders sold 33,606 shares of company stock worth $5,747,182 over the last ninety days. Corporate 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.