Franco-Nevada Corporation (NYSE:FNV) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Franco-Nevada Corporation has received a consensus recommendation of a "Moderate Buy" from fourteen analysts, split evenly between seven buy ratings and seven hold ratings.
• Average price target estimates for the stock have been set at approximately $183.88, with some analysts increasing their price targets, including HC Wainwright raising it to $200.00.
• The company recently reported a 42% year-over-year revenue increase, with earnings per share of $1.24, exceeding analysts' expectations of $1.10.

Shares of Franco-Nevada Corporation (NYSE:FNV - Get Free Report) TSE: FNV have been assigned an average recommendation of "Moderate Buy" from the fourteen research firms that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $183.8750.

A number of equities analysts recently issued reports on the company. HC Wainwright raised their price target on Franco-Nevada from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. TD Securities raised their price target on Franco-Nevada from $182.00 to $184.00 and gave the stock a "hold" rating in a report on Tuesday, August 12th. Zacks Research lowered Franco-Nevada from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. National Bankshares reissued a "sector perform" rating on shares of Franco-Nevada in a report on Tuesday, June 24th. Finally, Wall Street Zen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Saturday.

Institutional Investors Weigh In On Franco-Nevada

Hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its position in Franco-Nevada by 1,583.3% in the first quarter. Bessemer Group Inc. now owns 13,130 shares of the basic materials company's stock valued at $2,067,000 after purchasing an additional 12,350 shares during the period. St. James Investment Company LLC lifted its position in Franco-Nevada by 29.3% in the first quarter. St. James Investment Company LLC now owns 219,988 shares of the basic materials company's stock valued at $34,661,000 after purchasing an additional 49,907 shares during the period. Envestnet Asset Management Inc. lifted its position in Franco-Nevada by 36.1% in the first quarter. Envestnet Asset Management Inc. now owns 58,388 shares of the basic materials company's stock valued at $9,200,000 after purchasing an additional 15,483 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Franco-Nevada during the 1st quarter valued at approximately $265,000. Finally, FORA Capital LLC lifted its position in shares of Franco-Nevada by 169.8% during the 1st quarter. FORA Capital LLC now owns 5,342 shares of the basic materials company's stock valued at $842,000 after acquiring an additional 3,362 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Franco-Nevada Stock Up 0.0%

NYSE FNV opened at $214.03 on Tuesday. Franco-Nevada has a 52-week low of $112.70 and a 52-week high of $218.58. The business's 50-day moving average price is $179.47 and its 200 day moving average price is $168.56. The firm has a market cap of $41.25 billion, a P/E ratio of 52.59, a P/E/G ratio of 2.81 and a beta of 0.41.

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

Franco-Nevada Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be given a $0.38 dividend. The ex-dividend date is 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 (DPR) is presently 37.35%.

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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