Franco-Nevada Co. (TSE:FNV) Receives Consensus Rating of "Buy" from Brokerages

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV has earned an average recommendation of "Buy" from the nine research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$190.80.

A number of analysts have recently weighed in on FNV shares. Stifel Nicolaus raised their price objective on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. CIBC boosted their price target on Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. UBS Group raised shares of Franco-Nevada to a "strong-buy" rating in a research report on Monday, November 18th. Finally, Canaccord Genuity Group lowered their target price on shares of 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.

Franco-Nevada Stock Up 1.1 %

TSE:FNV traded up C$1.81 during midday trading on Wednesday, reaching C$170.67. 65,745 shares of the stock traded hands, compared to its average volume of 326,373. The stock has a market capitalization of C$32.84 billion, a PE ratio of -40.73, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 12-month low of C$140.59 and a 12-month high of C$191.17. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11. The business has a 50-day moving average of C$174.03 and a two-hundred day moving average of C$169.66.

Franco-Nevada Cuts Dividend

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 $0.487 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, December 5th. Franco-Nevada's payout ratio is currently -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.