Franco-Nevada Co. (NYSE:FNV) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Franco-Nevada Co. (NYSE:FNV - Get Free Report) TSE: FNV have earned an average recommendation of "Moderate Buy" from the eleven research firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $146.71.

Several brokerages have recently weighed in on FNV. Scotiabank reduced their price target on Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating for the company in a research report on Friday, November 8th. HC Wainwright reissued a "buy" rating and set a $155.00 price objective on shares of Franco-Nevada in a research note on Tuesday, January 28th. Canaccord Genuity Group raised Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Royal Bank of Canada lifted their price target on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. Finally, Canaccord Genuity Group raised Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, November 18th.

Franco-Nevada Stock Performance

NYSE:FNV traded up $0.69 during trading hours on Friday, reaching $143.36. The stock had a trading volume of 926,716 shares, compared to its average volume of 612,643. The stock has a 50 day simple moving average of $133.31 and a 200 day simple moving average of $127.12. Franco-Nevada has a 12-month low of $111.98 and a 12-month high of $146.70. The stock has a market cap of $27.60 billion, a P/E ratio of -45.37, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73.

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Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.06%. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's dividend payout ratio is currently -48.10%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FNV. Van ECK Associates Corp boosted its stake in Franco-Nevada by 2.3% during the 4th quarter. Van ECK Associates Corp now owns 8,538,788 shares of the basic materials company's stock valued at $1,004,046,000 after purchasing an additional 193,968 shares during the last quarter. Capital World Investors boosted its stake in shares of Franco-Nevada by 9.8% in the 4th quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company's stock worth $934,106,000 after buying an additional 711,591 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Franco-Nevada by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 7,799,415 shares of the basic materials company's stock worth $916,540,000 after buying an additional 132,465 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Franco-Nevada by 0.3% in the 4th quarter. Bank of Montreal Can now owns 5,300,880 shares of the basic materials company's stock worth $622,124,000 after buying an additional 15,273 shares during the last quarter. Finally, EdgePoint Investment Group Inc. boosted its stake in shares of Franco-Nevada by 49.9% in the 4th quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company's stock worth $582,100,000 after buying an additional 1,650,358 shares during the last quarter. 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.