Franco-Nevada Co. (NYSE:FNV) Receives $148.86 Consensus Price Target from Analysts

Shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $152.83.

A number of equities analysts have issued reports on the stock. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. TD Cowen raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. StockNews.com raised Franco-Nevada from a “sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Bank of America lowered Franco-Nevada from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $142.00 to $139.00 in a research note on Tuesday, October 1st.

Franco-Nevada Trading Down 0.3 %

Shares of FNV stock opened at $122.62 on Wednesday. The stock has a 50 day simple moving average of $125.77 and a 200-day simple moving average of $123.71. The company has a market cap of $23.60 billion, a price-to-earnings ratio of -38.80, a price-to-earnings-growth ratio of 20.72 and a beta of 0.75. Franco-Nevada has a 12-month low of $102.29 and a 12-month high of $137.60.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.03). Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company had revenue of $275.70 million during the quarter, compared to analyst estimates of $279.11 million. During the same quarter last year, the business earned $0.91 EPS. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. On average, equities analysts forecast that Franco-Nevada will post 3.22 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Thursday, December 5th. Franco-Nevada’s dividend payout ratio is presently -45.57%.

Institutional Investors Weigh In On Franco-Nevada

Several institutional investors and hedge funds have recently modified their holdings of FNV. Graham Capital Wealth Management LLC grew its holdings in Franco-Nevada by 0.4% during the 2nd quarter. Graham Capital Wealth Management LLC now owns 21,183 shares of the basic materials company’s stock valued at $2,511,000 after purchasing an additional 86 shares in the last quarter. Meixler Investment Management Ltd. grew its stake in shares of Franco-Nevada by 0.5% during the second quarter. Meixler Investment Management Ltd. now owns 21,460 shares of the basic materials company’s stock valued at $2,543,000 after acquiring an additional 101 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Franco-Nevada by 0.5% during the second quarter. Natixis Advisors LLC now owns 19,167 shares of the basic materials company’s stock valued at $2,272,000 after acquiring an additional 101 shares in the last quarter. Huntington National Bank increased its position in shares of Franco-Nevada by 7.4% during the third quarter. Huntington National Bank now owns 1,486 shares of the basic materials company’s stock worth $185,000 after acquiring an additional 102 shares during the last quarter. Finally, Primoris Wealth Advisors LLC lifted its stake in shares of Franco-Nevada by 4.7% in the second quarter. Primoris Wealth Advisors LLC now owns 2,475 shares of the basic materials company’s stock worth $293,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

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.