Franco-Nevada (NYSE:FNV) Price Target Raised to $155.00 at Royal Bank of Canada

Franco-Nevada (NYSE:FNV) (TSE:FNV) had its price target upped by Royal Bank of Canada from $145.00 to $155.00 in a report published on Tuesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the basic materials company’s stock.

FNV has been the topic of several other research reports. UBS Group assumed coverage on shares of Franco-Nevada in a research note on Monday, November 18th. They set a “buy” rating and a $160.00 price objective on the stock. HC Wainwright reissued a “buy” rating and issued a $155.00 price target on shares of Franco-Nevada in a report on Tuesday, January 28th. Scotiabank dropped their price objective on Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group cut their price objective on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Finally, Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.71.

Franco-Nevada Trading Down 0.2 %

NYSE FNV opened at $142.92 on Tuesday. Franco-Nevada has a 12 month low of $103.64 and a 12 month high of $143.77. The company has a market capitalization of $27.52 billion, a PE ratio of -45.23, a P/E/G ratio of 9.88 and a beta of 0.74. The stock has a 50-day simple moving average of $126.00 and a 200 day simple moving average of $124.98.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.38 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s payout ratio is currently -45.57%.

Institutional Investors Weigh In On Franco-Nevada

Large investors have recently made changes to their positions in the stock. Creative Planning grew its holdings in Franco-Nevada by 3.4% during the third quarter. Creative Planning now owns 12,456 shares of the basic materials company’s stock worth $1,548,000 after purchasing an additional 409 shares during the period. McCollum Christoferson Group LLC lifted its holdings in Franco-Nevada by 2.1% during the 3rd quarter. McCollum Christoferson Group LLC now owns 34,656 shares of the basic materials company’s stock valued at $4,306,000 after purchasing an additional 705 shares during the last quarter. Blue Trust Inc. boosted its position in Franco-Nevada by 797.2% during the third quarter. Blue Trust Inc. now owns 1,947 shares of the basic materials company’s stock worth $231,000 after purchasing an additional 1,730 shares during the period. Raymond James & Associates increased its holdings in shares of Franco-Nevada by 2.6% in the third quarter. Raymond James & Associates now owns 187,263 shares of the basic materials company’s stock valued at $23,267,000 after purchasing an additional 4,768 shares during the last quarter. Finally, Atlas Wealth Partners LLC bought a new position in shares of Franco-Nevada in the third quarter valued at about $3,183,000. Institutional investors and hedge funds own 77.06% 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.