Franco-Nevada Co. (TSE:FNV) Receives C$192.80 Consensus Price Target from Analysts

Shares of Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV have earned a consensus rating of "Moderate Buy" from the nine research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$192.80.

A number of analysts have commented on FNV shares. TD Securities upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Thursday, August 15th. CIBC upped their price target on Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. Stifel Nicolaus upped their price target on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. Canaccord Genuity Group increased their target price on Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd. Finally, National Bankshares cut their target price on Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th.

Insider Activity

In other news, Director Nicholas Hugo Housby Dryland acquired 805 shares of Franco-Nevada stock in a transaction on Monday, September 16th. The shares were bought at an average cost of C$168.95 per share, for a total transaction of C$136,001.53. Following the acquisition, the director now directly owns 805 shares of the company's stock, valued at C$136,001.53. Corporate insiders own 0.69% of the company's stock.

Franco-Nevada Stock Performance

FNV stock traded up C$1.78 during trading on Tuesday, reaching C$185.27. The stock had a trading volume of 305,650 shares, compared to its average volume of 329,909. Franco-Nevada has a 52 week low of C$139.19 and a 52 week high of C$191.17. The stock's 50 day moving average is C$172.12 and its two-hundred day moving average is C$169.29. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The firm has a market cap of C$35.65 billion, a PE ratio of -44.22, a PEG ratio of 5.00 and a beta of 0.68.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last issued 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). The company had revenue of C$355.88 million during the quarter. Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. As a group, equities analysts anticipate that Franco-Nevada will post 3.1114111 earnings per share for the current year.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a $0.497 dividend. This represents a $1.99 annualized dividend and a dividend yield of 1.07%. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.49. The ex-dividend date was Thursday, September 12th. Franco-Nevada's dividend payout ratio (DPR) is presently -46.30%.

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.