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

Shares of Franco-Nevada Co. (NYSE:FNV - Get Free Report) TSE: FNV have been assigned a consensus recommendation of "Moderate Buy" from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $162.25.

FNV has been the topic of several recent research reports. TD Securities cut Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a report on Tuesday, March 11th. UBS Group lifted their price target on shares of Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Royal Bank of Canada increased their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a report on Tuesday, February 11th. Raymond James lifted their target price on shares of Franco-Nevada from $162.00 to $181.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, Scotiabank upped their target price on shares of Franco-Nevada from $150.00 to $165.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th.

Franco-Nevada Trading Down 0.8 %

NYSE FNV opened at $170.05 on Friday. Franco-Nevada has a 1-year low of $112.70 and a 1-year high of $178.74. The company has a market capitalization of $32.74 billion, a price-to-earnings ratio of -53.81, a PEG ratio of 9.78 and a beta of 0.68. The stock's 50 day moving average is $153.47 and its two-hundred day moving average is $135.95.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. The business had revenue of $321.00 million during the quarter, compared to analysts' expectations of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.90 EPS. On average, analysts predict that Franco-Nevada will post 3.09 earnings per share for the current year.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.38 dividend. This is a boost from Franco-Nevada's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.52 annualized dividend and a yield of 0.89%. Franco-Nevada's payout ratio is presently 53.15%.

Institutional Investors Weigh In On Franco-Nevada

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FNV. Van ECK Associates Corp boosted its stake in shares of 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 worth $1,004,046,000 after acquiring an additional 193,968 shares during the period. Capital World Investors raised its position in shares of Franco-Nevada by 9.8% in the fourth quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company's stock valued at $934,106,000 after purchasing an additional 711,591 shares during the period. Vanguard Group Inc. lifted its stake in shares of Franco-Nevada by 1.7% during 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 holdings in shares of Franco-Nevada by 0.3% during 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 period. Finally, EdgePoint Investment Group Inc. grew its stake in 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 valued at $582,100,000 after buying an additional 1,650,358 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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.

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