Franco-Nevada Co. (TSE:FNV) Receives C$192.18 Average Target Price from Analysts

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$192.18.

A number of equities research analysts have weighed in on the stock. National Bankshares dropped their price target on shares of Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. BMO Capital Markets increased their target price on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. CIBC raised their price objective on shares of Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. Finally, Canaccord Genuity Group boosted their target price on Franco-Nevada from C$177.00 to C$190.00 in a report on Tuesday, July 23rd.

Insiders Place Their Bets

In related news, Senior Officer Adrian Wong sold 530 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$162.20, for a total transaction of C$85,966.00. In related news, Senior Officer Adrian Wong sold 530 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$162.20, for a total value of C$85,966.00. Also, Director Nicholas Hugo Housby Dryland bought 805 shares of Franco-Nevada stock in a transaction that occurred on 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 acquisition, the director now directly owns 805 shares in the company, valued at approximately C$136,001.53. Corporate insiders own 0.69% of the company’s stock.

Franco-Nevada Trading Down 0.4 %

Shares of Franco-Nevada stock opened at C$168.82 on Monday. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The firm’s 50-day moving average price is C$168.93 and its 200 day moving average price is C$165.12. The firm has a market capitalization of C$32.49 billion, a PE ratio of -41.08, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a twelve month low of C$139.19 and a twelve month high of C$195.35.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$1.03 earnings per share (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 company had revenue of C$355.88 million during the quarter. On average, sell-side analysts predict that Franco-Nevada will post 5.2932599 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.497 per share. The ex-dividend date is Thursday, September 12th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.49. This represents a $1.99 dividend on an annualized basis and a dividend yield of 1.18%. Franco-Nevada’s payout ratio is -48.18%.

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.