Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$193.94 and last traded at C$193.82, with a volume of 17870 shares trading hands. The stock had previously closed at C$189.13.
Analysts Set New Price Targets
FNV has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. Canaccord Genuity Group cut 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 report on Monday, November 18th. UBS Group upgraded Franco-Nevada to a "strong-buy" rating in a research report on Monday, November 18th. Finally, CIBC lifted their price objective on Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$190.80.
Check Out Our Latest Analysis on FNV
Franco-Nevada Stock Up 1.1 %
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 firm has a market cap of C$38.42 billion, a price-to-earnings ratio of -47.65, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. The firm has a 50 day moving average price of C$176.49 and a 200-day moving average price of C$172.95.
Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.09 EPS for the quarter, missing analysts' consensus estimates of C$1.15 by C($0.06). Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. During the same period in the prior year, the company posted $1.22 earnings per share. As a group, equities analysts predict that Franco-Nevada Co. will post 3.1114111 EPS for the current fiscal year.
Franco-Nevada Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.487 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.95 dividend on an annualized basis and a yield of 0.98%. Franco-Nevada's dividend payout ratio is presently -46.30%.
About Franco-Nevada
(
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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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