Franco-Nevada Co. (TSE:FNV) Receives Consensus Rating of "Moderate Buy" from Brokerages

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV has been given a consensus rating of "Moderate Buy" by the eight ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$188.82.

A number of research firms recently commented on FNV. Eight Capital lifted their price target on Franco-Nevada from C$190.00 to C$200.00 and gave the stock a "buy" rating in a report on Monday, April 22nd. Veritas Investment Research raised their price objective on shares of Franco-Nevada from C$149.00 to C$173.00 in a research report on Friday, April 12th. Scotiabank cut their price objective on shares of Franco-Nevada from C$141.00 to C$139.00 and set a "sector perform" rating for the company in a research report on Thursday, March 7th. BMO Capital Markets cut their price objective on shares of Franco-Nevada from C$205.00 to C$201.00 and set an "outperform" rating for the company in a research report on Tuesday, May 21st. Finally, Bank of America raised their price objective on shares of Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th.

Insider Buying and Selling

In other news, Director Jacques Perron bought 290 shares of the company's stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average price of C$173.05 per share, for a total transaction of C$50,184.50. Following the completion of the acquisition, the director now directly owns 983 shares in the company, valued at C$170,108.15. In related news, Senior Officer Adrian Wong sold 530 shares of the business's stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$162.20, for a total value of C$85,966.00. Also, Director Jacques Perron bought 290 shares of the company's stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of C$173.05 per share, for a total transaction of C$50,184.50. Following the acquisition, the director now owns 983 shares of the company's stock, valued at C$170,108.15. Insiders have sold a total of 33,606 shares of company stock valued at $5,747,182 over the last 90 days. 0.69% of the stock is owned by insiders.

Franco-Nevada Stock Up 2.5 %

Shares of TSE FNV traded up C$4.02 during mid-day trading on Wednesday, hitting C$167.05. The company had a trading volume of 235,032 shares, compared to its average volume of 362,834. The company has a market capitalization of C$32.13 billion, a PE ratio of -48.57, a price-to-earnings-growth ratio of 5.00 and a beta of 0.62. The firm has a 50-day simple moving average of C$166.73 and a two-hundred day simple moving average of C$156.73. The company has a current ratio of 29.40, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. Franco-Nevada has a one year low of C$139.19 and a one year high of C$198.00.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last announced its quarterly earnings data on Wednesday, May 1st. The company reported C$1.02 earnings per share for the quarter, beating the consensus estimate of C$0.94 by C$0.08. The company had revenue of C$346.20 million during the quarter. Franco-Nevada had a negative return on equity of 7.75% and a negative net margin of 39.96%. On average, equities analysts expect that Franco-Nevada will post 4.5495327 EPS for the current year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were paid a $0.487 dividend. This is a boost from Franco-Nevada's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.17%. Franco-Nevada's payout ratio is currently -57.23%.

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.