Franco-Nevada Corporation (NYSE:FNV) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Franco-Nevada Corporation (NYSE:FNV) has received a consensus rating of "Hold" from fourteen research firms, with eight recommending a hold and six a buy.
• The company reported $1.24 earnings per share in its latest quarter, surpassing the consensus estimate of $1.10, while experiencing a 42% increase in revenue year-over-year.
• Franco-Nevada recently announced a quarterly dividend of $0.38 per share, resulting in an annualized yield of 0.7%.

Franco-Nevada Corporation (NYSE:FNV - Get Free Report) TSE: FNV has earned an average recommendation of "Hold" from the fourteen research firms that are presently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $210.2857.

Several equities analysts have issued reports on FNV shares. CIBC restated an "outperform" rating on shares of Franco-Nevada in a research note on Tuesday, July 15th. Wall Street Zen downgraded Franco-Nevada from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. National Bankshares reissued a "sector perform" rating on shares of Franco-Nevada in a research report on Tuesday, June 24th. Scotiabank lifted their price target on Franco-Nevada from $182.00 to $184.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 12th. Finally, HC Wainwright boosted their price objective on Franco-Nevada from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th.

Institutional Investors Weigh In On Franco-Nevada

Several hedge funds have recently made changes to their positions in FNV. MTM Investment Management LLC purchased a new stake in Franco-Nevada during the 2nd quarter valued at approximately $32,000. Smartleaf Asset Management LLC increased its holdings in shares of Franco-Nevada by 600.0% in the second quarter. Smartleaf Asset Management LLC now owns 196 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 168 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of Franco-Nevada during the first quarter worth approximately $32,000. Golden State Wealth Management LLC raised its stake in shares of Franco-Nevada by 78.3% during the second quarter. Golden State Wealth Management LLC now owns 205 shares of the basic materials company's stock worth $34,000 after purchasing an additional 90 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Franco-Nevada by 494.7% during the first quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company's stock worth $36,000 after purchasing an additional 188 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Franco-Nevada Stock Down 5.3%

FNV stock opened at $203.81 on Friday. The stock has a market cap of $39.28 billion, a price-to-earnings ratio of 50.08, a PEG ratio of 2.79 and a beta of 0.42. Franco-Nevada has a fifty-two week low of $112.70 and a fifty-two week high of $225.63. The business has a 50 day moving average price of $199.22 and a 200 day moving average price of $176.31.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.14. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The business had revenue of $369.40 million during the quarter, compared to the consensus estimate of $382.70 million. During the same quarter in the previous year, the firm earned $0.75 EPS. The company's revenue was up 42.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Franco-Nevada will post 3.09 EPS for the current year.

Franco-Nevada Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, September 11th. This represents a $1.52 dividend on an annualized basis and a yield of 0.7%. Franco-Nevada's dividend payout ratio is currently 37.35%.

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.

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