Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV's stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$169.84 and traded as high as C$174.19. Franco-Nevada shares last traded at C$173.02, with a volume of 293,793 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. UBS Group raised Franco-Nevada to a "strong-buy" rating in a report on Monday, November 18th. Stifel Nicolaus lifted their price target on shares of Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. CIBC upped their price objective on shares of Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. TD Securities raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. Finally, Canaccord Genuity Group reduced their target price on Franco-Nevada from C$198.00 to C$190.00 and set a "strong-buy" rating on the stock in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of C$190.80.
Get Our Latest Stock Report on Franco-Nevada
Franco-Nevada Stock Down 1.7 %
The firm's 50-day moving average is C$173.73 and its two-hundred day moving average is C$169.86. 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 stock has a market cap of C$32.73 billion, a P/E ratio of -41.29, a PEG ratio of 5.00 and a beta of 0.68.
Franco-Nevada Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors 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 1.15%. Franco-Nevada's payout ratio is -46.30%.
Insiders Place Their Bets
In related news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the business's stock in a transaction dated Monday, September 16th. The shares were bought at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the purchase, the director now directly owns 805 shares in the company, valued at C$136,001.53. This trade represents a ∞ increase in their position. Company insiders own 0.69% of the company's stock.
Franco-Nevada Company Profile
(
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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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