Brokerages Set Franco-Nevada Co. (NYSE:FNV) Price Target at $154.57

Shares of Franco-Nevada Co. (NYSE:FNV - Get Free Report) TSE: FNV have been assigned an average recommendation of "Moderate Buy" from the eight brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $154.57.

Several research analysts have recently commented on FNV shares. Bank of America lowered Franco-Nevada from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $142.00 to $139.00 in a report on Tuesday, October 1st. HC Wainwright reiterated a "buy" rating and set a $185.00 price target on shares of Franco-Nevada in a report on Friday, August 16th. TD Cowen upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. TD Securities upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. Finally, StockNews.com upgraded Franco-Nevada from a "sell" rating to a "hold" rating in a report on Thursday, August 22nd.

Institutional Trading of Franco-Nevada

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mechanics Financial Corp increased its stake in Franco-Nevada by 150.0% during the second quarter. Mechanics Financial Corp now owns 250 shares of the basic materials company's stock worth $30,000 after purchasing an additional 150 shares during the period. Mather Group LLC. purchased a new stake in Franco-Nevada during the second quarter worth about $33,000. Kings Path Partners LLC purchased a new stake in Franco-Nevada during the second quarter worth about $36,000. Sunbelt Securities Inc. grew its position in shares of Franco-Nevada by 3,333.3% during the second quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company's stock worth $49,000 after buying an additional 400 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its position in shares of Franco-Nevada by 33.3% during the first quarter. Hillsdale Investment Management Inc. now owns 440 shares of the basic materials company's stock worth $52,000 after buying an additional 110 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Franco-Nevada Stock Performance

Franco-Nevada stock traded down $0.95 during trading on Friday, reaching $131.71. The company had a trading volume of 509,794 shares, compared to its average volume of 651,475. Franco-Nevada has a 1-year low of $102.29 and a 1-year high of $137.60. The firm's 50-day simple moving average is $126.03 and its 200 day simple moving average is $123.80. The firm has a market capitalization of $25.35 billion, a PE ratio of -43.33, a price-to-earnings-growth ratio of 22.79 and a beta of 0.76.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its earnings results on Tuesday, August 13th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). Franco-Nevada had a positive return on equity of 10.56% and a negative net margin of 51.64%. The business had revenue of $260.10 million for the quarter, compared to analyst estimates of $277.44 million. During the same period last year, the firm earned $0.95 EPS. The company's revenue for the quarter was down 21.2% compared to the same quarter last year. Analysts anticipate that Franco-Nevada will post 3.25 EPS for the current year.

Franco-Nevada Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.44 annualized dividend and a yield of 1.09%. Franco-Nevada's dividend payout ratio (DPR) is currently -47.37%.

Franco-Nevada Company Profile

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.