Franco-Nevada (TSE:FNV) Rating Increased to Strong-Buy at UBS Group

UBS Group upgraded shares of Franco-Nevada (TSE:FNV - Free Report) NYSE: FNV to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Stifel Nicolaus upped their price target on shares of Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. National Bankshares reduced their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. Canaccord Genuity Group dropped their price target on shares of Franco-Nevada from C$198.00 to C$190.00 and set a "strong-buy" rating on the stock in a research note on Monday. CIBC cut their price objective on shares of Franco-Nevada from C$265.00 to C$235.00 in a research report on Friday, November 8th. Finally, TD Securities raised Franco-Nevada from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$189.80.

Franco-Nevada Stock Performance

Shares of FNV stock traded down C$0.06 on Monday, reaching C$169.36. The stock had a trading volume of 26,949 shares, compared to its average volume of 330,167. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$191.17. The stock has a market cap of C$32.59 billion, a P/E ratio of -40.43, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. The company has a 50 day simple moving average of C$172.02 and a 200 day simple moving average of C$169.43.

Franco-Nevada Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.487 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.95 dividend on an annualized basis and a yield of 1.15%. Franco-Nevada's dividend payout ratio is presently -46.30%.

Insider Buying and Selling at Franco-Nevada

In other news, Director Nicholas Hugo Housby Dryland bought 805 shares of Franco-Nevada stock in a transaction dated Monday, September 16th. The shares were purchased at an average cost of C$168.95 per share, with a total value of C$136,001.53. Following the completion of the acquisition, the director now owns 805 shares of the company's stock, valued at C$136,001.53. This trade represents a ∞ increase in their position. Insiders own 0.69% of the company's stock.

About Franco-Nevada

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.