Free Trial

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

Franco-Nevada logo with Basic Materials background

Shares of Franco-Nevada Corporation (NYSE:FNV - Get Free Report) TSE: FNV have earned an average rating of "Moderate Buy" from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $172.13.

Several research analysts recently commented on the company. Scotiabank increased their price target on Franco-Nevada from $165.00 to $169.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Raymond James Financial set a $186.00 price objective on Franco-Nevada and gave the company an "outperform" rating in a report on Wednesday, May 28th. UBS Group boosted their target price on shares of Franco-Nevada from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. HC Wainwright reiterated a "buy" rating and issued a $195.00 price target (up previously from $180.00) on shares of Franco-Nevada in a research note on Wednesday, May 28th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Franco-Nevada in a research report on Wednesday, May 28th.

Read Our Latest Stock Analysis on FNV

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. CX Institutional acquired a new position in shares of Franco-Nevada in the first quarter valued at approximately $30,000. Cullen Frost Bankers Inc. bought a new stake in Franco-Nevada in the 1st quarter valued at $32,000. Nexus Investment Management ULC acquired a new position in Franco-Nevada in the 1st quarter valued at $35,000. Hexagon Capital Partners LLC grew its holdings in Franco-Nevada by 494.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company's stock valued at $36,000 after buying an additional 188 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in Franco-Nevada by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company's stock worth $36,000 after buying an additional 115 shares during the period. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Stock Up 0.7%

NYSE FNV opened at $159.09 on Thursday. The firm's 50 day moving average is $166.17 and its 200-day moving average is $151.28. The company has a market capitalization of $30.65 billion, a PE ratio of 49.72, a price-to-earnings-growth ratio of 2.17 and a beta of 0.41. Franco-Nevada has a 12-month low of $112.70 and a 12-month high of $179.99.

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 (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.07. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The firm had revenue of $368.40 million for the quarter, compared to analyst estimates of $328.79 million. During the same period in the previous year, the business earned $0.76 EPS. The company's revenue was up 43.5% compared to the same quarter last year. As a group, sell-side analysts expect that Franco-Nevada will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, June 12th. Franco-Nevada's payout ratio is 47.50%.

About Franco-Nevada

(Get Free Report

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.

Featured Stories

Analyst Recommendations for Franco-Nevada (NYSE:FNV)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Franco-Nevada Right Now?

Before you consider Franco-Nevada, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Franco-Nevada wasn't on the list.

While Franco-Nevada currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines