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

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV has been given an average recommendation of "Buy" by the nine brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$189.80.

Several equities research analysts recently issued reports on the company. TD Securities upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. National Bankshares lowered their price target on Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. Canaccord Genuity Group reduced their price objective on 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. CIBC lowered their target price on shares of Franco-Nevada from C$265.00 to C$235.00 in a research note on Friday, November 8th. Finally, Stifel Nicolaus increased their target price on shares of Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st.

Insider Activity

In related news, Director Nicholas Hugo Housby Dryland purchased 805 shares of Franco-Nevada stock in a transaction dated Monday, September 16th. The shares were acquired at an average cost of C$168.95 per share, with a total value of C$136,001.53. Following the purchase, the director now owns 805 shares of the company's stock, valued at approximately C$136,001.53. The trade was a ∞ increase in their ownership of the stock. Corporate insiders own 0.69% of the company's stock.

Franco-Nevada Price Performance

TSE FNV traded down C$0.77 on Friday, hitting C$171.44. The company had a trading volume of 158,895 shares, compared to its average volume of 329,279. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. The company has a market capitalization of C$32.99 billion, a PE ratio of -40.92, a PEG ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 12-month low of C$139.19 and a 12-month high of C$191.17. The company's fifty day moving average price is C$173.44 and its 200-day moving average price is C$169.73.

Franco-Nevada Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.487 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.95 dividend on an annualized basis and a yield of 1.14%. Franco-Nevada's dividend 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.