Franco-Nevada (TSE:FNV) Reaches New 12-Month High - What's Next?

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV's stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$190.32 and last traded at C$190.05, with a volume of 23040 shares changing hands. The stock had previously closed at C$188.50.

Analyst Ratings Changes

FNV has been the topic of a number of analyst reports. CIBC raised their price objective on shares of Franco-Nevada from C$250.00 to C$265.00 in a research note on Wednesday, July 10th. Stifel Nicolaus raised their price objective on Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. Canaccord Genuity Group lifted their price target on shares of Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. TD Securities raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Thursday, August 15th. Finally, National Bankshares cut their price objective on Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$192.80.

Franco-Nevada Stock Up 0.2 %

The business's 50 day moving average price is C$169.34 and its 200-day moving average price is C$168.20. 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 firm has a market capitalization of C$36.36 billion, a PE ratio of -45.14, a P/E/G ratio of 5.00 and a beta of 0.68.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last released its quarterly earnings results on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing analysts' consensus estimates of C$1.07 by C($0.04). Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. The firm had revenue of C$355.88 million for the quarter. As a group, equities research analysts forecast that Franco-Nevada Co. will post 3.1114111 earnings per share for the current year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.497 per share. The ex-dividend date was Thursday, September 12th. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.49. This represents a $1.99 dividend on an annualized basis and a yield of 1.05%. Franco-Nevada's dividend payout ratio is -46.30%.

Insider Activity at Franco-Nevada

In related news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the business's stock in a transaction dated Monday, September 16th. The shares were acquired at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the completion of the transaction, the director now owns 805 shares of the company's stock, valued at C$136,001.53. Company 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.