Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV's stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$170.19 and traded as high as C$184.56. Franco-Nevada shares last traded at C$182.77, with a volume of 106,371 shares trading hands.
Analysts Set New Price Targets
Several analysts have recently issued reports on FNV shares. UBS Group upgraded shares of Franco-Nevada to a "strong-buy" rating in a research report on Monday, November 18th. CIBC lifted their price objective on Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Canaccord Genuity Group reduced their target price on Franco-Nevada from C$198.00 to C$190.00 and set a "strong-buy" rating for the company in a report on Monday, November 18th. Finally, Stifel Nicolaus lifted their price target on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$190.80.
Read Our Latest Research Report on FNV
Franco-Nevada Stock Up 0.3 %
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 simple moving average of C$172.22 and a 200-day simple moving average of C$170.28. The firm has a market capitalization of C$35.28 billion, a price-to-earnings ratio of -43.76, a P/E/G ratio of 5.00 and a beta of 0.68.
Franco-Nevada Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.487 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, December 5th. Franco-Nevada's 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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