Franco-Nevada Co. (NYSE:FNV) Receives $146.71 Average Price Target from Analysts

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) has been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $153.63.

A number of equities research analysts have recently weighed in on the stock. HC Wainwright raised their price target on shares of Franco-Nevada from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday. UBS Group raised their price target on shares of Franco-Nevada from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday. StockNews.com upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Raymond James lifted their target price on shares of Franco-Nevada from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Tuesday.

Franco-Nevada Trading Up 1.4 %

FNV opened at $145.56 on Friday. The company’s 50 day moving average is $134.87 and its 200-day moving average is $127.60. Franco-Nevada has a 1-year low of $111.98 and a 1-year high of $148.02. The company has a market cap of $28.03 billion, a P/E ratio of -46.06, a PEG ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company had revenue of $321.00 million for the quarter, compared to the consensus estimate of $304.33 million. During the same period last year, the company posted $0.90 EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities analysts forecast that Franco-Nevada will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.38 per share. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, March 13th. This represents a $1.52 annualized dividend and a yield of 1.04%. Franco-Nevada’s dividend payout ratio (DPR) is presently 53.15%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in Franco-Nevada during the 4th quarter worth approximately $641,000. Public Employees Retirement System of Ohio increased its stake in shares of Franco-Nevada by 1.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 99,257 shares of the basic materials company’s stock valued at $11,662,000 after acquiring an additional 994 shares in the last quarter. Hudson Value Partners LLC increased its stake in shares of Franco-Nevada by 5.9% in the 4th quarter. Hudson Value Partners LLC now owns 32,279 shares of the basic materials company’s stock valued at $3,796,000 after acquiring an additional 1,790 shares in the last quarter. Adalta Capital Management LLC increased its stake in shares of Franco-Nevada by 25.4% in the 4th quarter. Adalta Capital Management LLC now owns 13,216 shares of the basic materials company’s stock valued at $1,554,000 after acquiring an additional 2,677 shares in the last quarter. Finally, USS Investment Management Ltd increased its stake in shares of Franco-Nevada by 446.1% in the 4th quarter. USS Investment Management Ltd now owns 53,518 shares of the basic materials company’s stock valued at $6,282,000 after acquiring an additional 43,718 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

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.