Franco-Nevada Co. (NYSE:FNV) Receives Average Rating of "Moderate Buy" from Brokerages

Franco-Nevada Co. (NYSE:FNV - Get Free Report) TSE: FNV has received an average recommendation of "Moderate Buy" from the thirteen analysts that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $169.63.

A number of analysts recently weighed in on FNV shares. Wall Street Zen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. UBS Group raised their price target on Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. HC Wainwright reaffirmed a "buy" rating and issued a $195.00 price objective (up previously from $180.00) on shares of Franco-Nevada in a research report on Wednesday, May 28th. Royal Bank of Canada increased their target price on Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Finally, Scotiabank boosted their target price on shares of Franco-Nevada from $165.00 to $169.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th.

Hedge Funds Weigh In On Franco-Nevada

A number of hedge funds and other institutional investors have recently modified their holdings of FNV. Massachusetts Financial Services Co. MA lifted its holdings in Franco-Nevada by 1.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 12,207,413 shares of the basic materials company's stock worth $1,923,400,000 after buying an additional 207,232 shares during the period. Capital World Investors raised its position in shares of Franco-Nevada by 9.8% in the 4th quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company's stock worth $934,106,000 after acquiring an additional 711,591 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Franco-Nevada by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,845,339 shares of the basic materials company's stock worth $1,233,891,000 after purchasing an additional 45,924 shares during the last quarter. Bank of Montreal Can boosted its position in Franco-Nevada by 0.3% during the fourth quarter. Bank of Montreal Can now owns 5,300,880 shares of the basic materials company's stock valued at $622,124,000 after purchasing an additional 15,273 shares in the last quarter. Finally, EdgePoint Investment Group Inc. grew its stake in Franco-Nevada by 49.9% in the fourth quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company's stock valued at $582,100,000 after purchasing an additional 1,650,358 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Stock Performance

NYSE FNV opened at $171.74 on Friday. The business's 50 day moving average price is $166.56 and its 200-day moving average price is $145.95. Franco-Nevada has a fifty-two week low of $112.70 and a fifty-two week high of $179.99. The company has a market cap of $33.09 billion, a P/E ratio of -54.35, a P/E/G ratio of 9.78 and a beta of 0.42.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. The business had revenue of $368.40 million for the quarter, compared to analysts' expectations of $328.79 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business's revenue was up 43.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 earnings per share. As a group, equities analysts predict that Franco-Nevada will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be issued a $0.38 dividend. The ex-dividend date is Thursday, June 12th. This represents a $1.52 annualized dividend and a dividend yield of 0.89%. Franco-Nevada's dividend payout ratio is currently 47.50%.

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.

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