Franco-Nevada (TSE:FNV) Raised to “Strong-Buy” at UBS Group

UBS Group upgraded shares of Franco-Nevada (TSE:FNV) (NYSE:FNV) to a strong-buy rating in a report published on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Stifel Nicolaus upped their price target on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Canaccord Genuity Group reduced their target price on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a report on Monday. TD Securities raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. National Bankshares dropped their price target on Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. Finally, CIBC decreased their price objective on Franco-Nevada from C$265.00 to C$235.00 in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$189.80.

Franco-Nevada Stock Up 2.1 %

Shares of Franco-Nevada stock opened at C$169.42 on Monday. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$191.17. The business has a fifty day simple moving average of C$172.02 and a 200 day simple moving average of C$169.43. The company has a quick ratio of 23.26, a current ratio of 29.11 and a debt-to-equity ratio of 1.63. The stock has a market cap of C$32.60 billion, a PE ratio of -40.43, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68.

Franco-Nevada Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.487 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.95 annualized dividend and a dividend yield of 1.15%. Franco-Nevada’s dividend payout ratio is presently -46.30%.

Insider Activity

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland bought 805 shares of Franco-Nevada stock in a transaction dated Monday, September 16th. The stock was bought at an average cost of C$168.95 per share, for a total transaction of C$136,001.53. Following the purchase, the director now owns 805 shares of the company’s stock, valued at C$136,001.53. The trade was a ∞ increase in their position. 0.69% of the stock is owned by insiders.

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.