Franco-Nevada Co. Announces Quarterly Dividend of $0.49 (TSE:FNV)

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Thursday, December 5th will be paid a dividend of 0.487 per share on Thursday, December 19th. This represents a $1.95 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, December 5th.

Franco-Nevada Trading Down 0.5 %

TSE FNV opened at C$170.53 on Tuesday. The company has a market capitalization of C$32.82 billion, a price-to-earnings ratio of -40.70, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. The firm’s fifty day moving average price is C$173.45 and its 200 day moving average price is C$169.78. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$191.17.

Insider Buying and Selling

In other news, Director Nicholas Hugo Housby Dryland bought 805 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were acquired 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. This represents a ∞ increase in their position. 0.69% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Canaccord Genuity Group decreased their target price on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research note on Monday, November 18th. Stifel Nicolaus upped their price objective on Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. TD Securities raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Finally, CIBC increased their price target on Franco-Nevada from C$235.00 to C$245.00 in a report on Monday. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$190.80.

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.