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

Franco-Nevada Co. (NYSE:FNV - Get Free Report) TSE: FNV has earned an average rating of "Moderate Buy" from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $157.88.

A number of brokerages have recently issued reports on FNV. HC Wainwright boosted their target price on Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, March 26th. TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price for the company. in a report on Tuesday, March 11th. UBS Group boosted their price target on shares of Franco-Nevada from $165.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Royal Bank of Canada raised their price objective on shares of 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, StockNews.com upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FNV. Covea Finance lifted its holdings in shares of Franco-Nevada by 2.7% during the 4th quarter. Covea Finance now owns 101,320 shares of the basic materials company's stock valued at $11,895,000 after buying an additional 2,700 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Franco-Nevada by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company's stock valued at $49,702,000 after acquiring an additional 16,029 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in Franco-Nevada by 113.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company's stock valued at $601,000 after acquiring an additional 2,710 shares in the last quarter. Tri Ri Asset Management Corp acquired a new stake in Franco-Nevada in the third quarter valued at approximately $3,433,000. Finally, Horizon Kinetics Asset Management LLC grew its position in Franco-Nevada by 5.6% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 988,033 shares of the basic materials company's stock worth $116,183,000 after acquiring an additional 52,199 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Performance

NYSE FNV traded down $13.86 on Tuesday, reaching $144.86. The company's stock had a trading volume of 1,961,563 shares, compared to its average volume of 665,539. Franco-Nevada has a twelve month low of $112.70 and a twelve month high of $161.36. The firm's 50 day moving average is $145.19 and its two-hundred day moving average is $131.62. The stock has a market cap of $27.89 billion, a PE ratio of -45.84, a PEG ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. The business had revenue of $321.00 million during the quarter, compared to analyst estimates of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.90 earnings per share. Equities research analysts anticipate that Franco-Nevada will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.05%. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, March 13th. Franco-Nevada's dividend payout ratio (DPR) is currently 53.15%.

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.