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

Franco-Nevada Co. (NYSE:FNV - Get Free Report) TSE: FNV has been assigned an average rating of "Moderate Buy" from the ten brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $145.33.

Several analysts have weighed in on FNV shares. Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. HC Wainwright decreased their target price on Franco-Nevada from $200.00 to $155.00 and set a "buy" rating for the company in a report on Friday. Bank of America downgraded shares of Franco-Nevada from a "buy" rating to a "neutral" rating and cut their price target for the stock from $142.00 to $139.00 in a report on Tuesday, October 1st. Scotiabank decreased their price objective on shares of Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating for the company in a research note on Friday, November 8th. Finally, UBS Group initiated coverage on shares of Franco-Nevada in a research note on Monday, November 18th. They issued a "buy" rating and a $160.00 price objective on the stock.

Hedge Funds Weigh In On Franco-Nevada

Several institutional investors and hedge funds have recently modified their holdings of the business. Mechanics Financial Corp raised its position in Franco-Nevada by 150.0% during the second quarter. Mechanics Financial Corp now owns 250 shares of the basic materials company's stock worth $30,000 after acquiring an additional 150 shares during the period. Kings Path Partners LLC purchased a new stake in shares of Franco-Nevada during the second quarter worth about $36,000. Sunbelt Securities Inc. raised its position in shares of Franco-Nevada by 3,333.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company's stock worth $49,000 after purchasing an additional 400 shares during the last quarter. Point72 DIFC Ltd purchased a new position in Franco-Nevada in the 3rd quarter valued at about $52,000. Finally, Erste Asset Management GmbH acquired a new stake in Franco-Nevada in the 3rd quarter worth about $55,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Performance

FNV stock traded up $1.05 during trading on Friday, reaching $116.21. The company had a trading volume of 1,172,822 shares, compared to its average volume of 663,678. The company has a market cap of $22.37 billion, a price-to-earnings ratio of -36.78 and a beta of 0.72. Franco-Nevada has a twelve month low of $103.64 and a twelve month high of $137.60. The firm has a 50-day simple moving average of $124.60 and a 200-day simple moving average of $123.30.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted 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 positive return on equity of 10.55% and a negative net margin of 55.28%. The company had revenue of $275.70 million for the quarter, compared to analyst estimates of $279.11 million. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The company's quarterly revenue was down 10.9% on a year-over-year basis. Sell-side analysts expect that Franco-Nevada will post 3.22 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Thursday, December 5th. Franco-Nevada's payout ratio is currently -45.57%.

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.