Franco-Nevada (TSE:FNV) Price Target Increased to C$190.00 by Analysts at Canaccord Genuity Group

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective increased by Canaccord Genuity Group from C$177.00 to C$190.00 in a report released on Tuesday, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. CIBC boosted their price target on Franco-Nevada from C$250.00 to C$265.00 in a research note on Wednesday, July 10th. Stifel Nicolaus boosted their price target on Franco-Nevada from C$182.00 to C$196.00 and gave the stock a buy rating in a research note on Friday, April 19th. Raymond James boosted their price target on Franco-Nevada from C$150.00 to C$151.00 and gave the stock an outperform rating in a research note on Friday, May 3rd. National Bankshares boosted their price target on Franco-Nevada from C$190.00 to C$195.00 and gave the stock a sector perform rating in a research note on Friday, May 3rd. Finally, Eight Capital boosted their price target on Franco-Nevada from C$190.00 to C$200.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$192.18.

Franco-Nevada Stock Down 1.0 %

Shares of TSE:FNV opened at C$171.78 on Tuesday. The stock has a fifty day simple moving average of C$167.35 and a two-hundred day simple moving average of C$159.44. The stock has a market capitalization of C$33.04 billion, a price-to-earnings ratio of -49.65, a PEG ratio of 5.00 and a beta of 0.62. Franco-Nevada has a 12-month low of C$139.19 and a 12-month high of C$198.00. 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 (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings data on Wednesday, May 1st. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.08. The business 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, research analysts anticipate that Franco-Nevada will post 4.5495327 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were issued a $0.487 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.13%. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.48. Franco-Nevada’s payout ratio is presently -57.23%.

Insider Buying and Selling at Franco-Nevada

In other Franco-Nevada news, Director Paul Brink sold 13,076 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of C$170.21, for a total transaction of C$2,225,654.19. In other Franco-Nevada news, Director Paul Brink sold 13,076 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of C$170.21, for a total transaction of C$2,225,654.19. Also, Director Jacques Perron purchased 290 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were bought at an average cost of C$173.05 per share, with a total value of C$50,184.50. Following the acquisition, the director now directly owns 983 shares of the company’s stock, valued at approximately C$170,108.15. Over the last quarter, insiders sold 33,606 shares of company stock valued at $5,747,182. Company insiders own 0.69% of the company’s stock.

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.