Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV's share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Stifel Nicolaus increased their target price on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. Canaccord Genuity Group lowered 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 raised their price objective on shares of Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Finally, UBS Group raised shares of Franco-Nevada to a "strong-buy" rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$190.80.
View Our Latest Research Report on Franco-Nevada
Franco-Nevada Stock Performance
The company has a quick ratio of 23.26, a current ratio of 29.11 and a debt-to-equity ratio of 1.63. The company has a market capitalization of C$35.28 billion, a PE ratio of -43.76, a PEG ratio of 5.00 and a beta of 0.68. The business has a 50 day simple moving average of C$172.22 and a 200 day simple moving average of C$170.28.
Franco-Nevada Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.487 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Thursday, December 5th. Franco-Nevada's dividend payout ratio (DPR) is -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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