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

Franco-Nevada Co. (NYSE:FNV - Get Free Report) TSE: FNV has received a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $162.75.

Several analysts have commented on the company. BMO Capital Markets initiated coverage on Franco-Nevada in a research note on Wednesday, April 16th. They set an "outperform" rating on the stock. Wall Street Zen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. HC Wainwright lifted their target price on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, March 26th. TD Securities cut Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a report on Tuesday, March 11th. Finally, UBS Group lifted their price objective on Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 11th.

Franco-Nevada Price Performance

FNV stock traded up $3.97 on Wednesday, reaching $168.00. 483,799 shares of the company traded hands, compared to its average volume of 726,544. The firm has a fifty day simple moving average of $161.97 and a 200-day simple moving average of $141.14. The company has a market cap of $32.35 billion, a P/E ratio of -53.17, a price-to-earnings-growth ratio of 9.78 and a beta of 0.45. Franco-Nevada has a one year low of $112.70 and a one year high of $178.74.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.07. The firm had revenue of $368.40 million during the quarter, compared to the consensus estimate of $328.79 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The company's revenue was up 43.5% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. On average, sell-side analysts forecast that Franco-Nevada will post 3.09 EPS for the current year.

Franco-Nevada Announces Dividend

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 issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.90%. Franco-Nevada's dividend payout ratio is presently 47.50%.

Institutional Investors Weigh In On Franco-Nevada

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of Franco-Nevada by 3.9% during 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 in the last quarter. JPMorgan Chase & Co. grew its stake in Franco-Nevada by 5.0% during the 4th quarter. JPMorgan Chase & Co. now owns 962,671 shares of the basic materials company's stock worth $113,200,000 after buying an additional 45,495 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Franco-Nevada by 113.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company's stock valued at $601,000 after buying an additional 2,710 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Franco-Nevada in the fourth quarter valued at about $12,280,000. Finally, Horizon Kinetics Asset Management LLC lifted its stake in shares of Franco-Nevada by 5.6% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 988,033 shares of the basic materials company's stock worth $116,183,000 after buying an additional 52,199 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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.