Franco-Nevada Co. (TSE:FNV) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Franco-Nevada Co. (TSE:FNVGet Free Report) (NYSE:FNV) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$192.18.

Several equities research analysts recently commented on the stock. CIBC lifted their target price on shares of Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. BMO Capital Markets lifted their target price on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Canaccord Genuity Group lifted their target price on shares of Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd. Finally, National Bankshares dropped their price target on shares of Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th.

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Franco-Nevada Trading Up 1.5 %

Shares of Franco-Nevada stock opened at C$173.65 on Monday. The firm has a market capitalization of C$33.42 billion, a PE ratio of -42.15, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. 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’s 50 day moving average is C$169.06 and its 200 day moving average is C$165.68. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$194.61.

Franco-Nevada (TSE:FNVGet Free Report) (NYSE:FNV) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C$1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.07 by C($0.04). Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. The company had revenue of C$355.88 million for the quarter. Equities research analysts forecast that Franco-Nevada will post 5.2797203 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a dividend of $0.497 per share. This represents a $1.99 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, September 12th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.49. Franco-Nevada’s payout ratio is presently -47.57%.

Insider Buying and Selling at Franco-Nevada

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was acquired at an average price 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 approximately C$136,001.53. 0.69% of the stock is currently owned by company insiders.

Franco-Nevada Company Profile

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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.

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Analyst Recommendations for Franco-Nevada (TSE:FNV)

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