Franco-Nevada Corporation (NYSE:FNV) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Franco-Nevada Corporation (NYSE:FNV - Get Free Report) TSE: FNV have earned an average recommendation of "Moderate Buy" from the thirteen research firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $169.63.

FNV has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, May 28th. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a report on Wednesday, April 23rd. UBS Group increased their price target on shares of Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a report on Friday, April 11th. Wall Street Zen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, April 7th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $195.00 price target (up previously from $180.00) on shares of Franco-Nevada in a report on Wednesday, May 28th.

Hedge Funds Weigh In On Franco-Nevada

Several institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in Franco-Nevada by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company's stock worth $49,702,000 after purchasing an additional 16,029 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Franco-Nevada by 5.0% in the fourth quarter. JPMorgan Chase & Co. now owns 962,671 shares of the basic materials company's stock worth $113,200,000 after purchasing an additional 45,495 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Franco-Nevada by 113.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company's stock worth $601,000 after purchasing an additional 2,710 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Franco-Nevada in the fourth quarter worth $12,280,000. Finally, Annex Advisory Services LLC grew its holdings in Franco-Nevada by 14.9% in the first quarter. Annex Advisory Services LLC now owns 183,106 shares of the basic materials company's stock worth $28,850,000 after purchasing an additional 23,702 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock traded down $0.74 during trading on Friday, reaching $168.21. 610,924 shares of the stock traded hands, compared to its average volume of 742,563. The company has a market capitalization of $32.41 billion, a price-to-earnings ratio of 52.57, a P/E/G ratio of 2.38 and a beta of 0.42. The business has a fifty day simple moving average of $167.87 and a two-hundred day simple moving average of $146.76. Franco-Nevada has a 52-week low of $112.70 and a 52-week high of $179.99.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued 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. Franco-Nevada had a return on equity of 11.40% and a net margin of 50.39%. The firm had revenue of $368.40 million during the quarter, compared to analyst estimates of $328.79 million. During the same quarter last year, the business posted $0.76 earnings per share. The business's quarterly revenue was up 43.5% compared to the same quarter last year. On average, research analysts predict that Franco-Nevada will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, June 12th. Franco-Nevada's dividend payout ratio is presently 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.