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

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have been given a consensus rating of “Buy” by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$190.80.

Several equities analysts have commented on the stock. CIBC boosted their price target on shares of Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Stifel Nicolaus upped their price target on Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. Canaccord Genuity Group decreased their price objective 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, November 18th. Finally, UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th.

Franco-Nevada Price Performance

Shares of FNV stock opened at C$186.10 on Friday. The company has a market capitalization of C$35.81 billion, a PE ratio of -44.42, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. The firm’s 50-day moving average is C$173.18 and its two-hundred day moving average is C$171.62. Franco-Nevada has a 12 month low of C$140.67 and a 12 month high of C$191.17.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.15 by C($0.06). Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. During the same period last year, the company earned $1.22 EPS. Analysts predict that Franco-Nevada will post 3.1114111 earnings per share for the current year.

Franco-Nevada Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a $0.487 dividend. This represents a $1.95 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, December 5th. Franco-Nevada’s dividend payout ratio (DPR) is presently -46.30%.

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.