Shares of Franco-Nevada Corporation (NYSE:FNV - Get Free Report) TSE: FNV have been given an average recommendation of "Moderate Buy" by the fourteen research firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $172.13.
Several brokerages have recently issued reports on FNV. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. CIBC reaffirmed an "outperform" rating on shares of Franco-Nevada in a research note on Tuesday, July 15th. UBS Group lifted their price objective on shares of Franco-Nevada from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Wall Street Zen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $195.00 price objective (up from $180.00) on shares of Franco-Nevada in a research note on Wednesday, May 28th.
Read Our Latest Stock Analysis on Franco-Nevada
Institutional Trading of Franco-Nevada
A number of hedge funds have recently made changes to their positions in the stock. Markel Group Inc. lifted its position in shares of Franco-Nevada by 8.4% in the second quarter. Markel Group Inc. now owns 569,500 shares of the basic materials company's stock worth $93,352,000 after purchasing an additional 44,250 shares in the last quarter. Tevis Investment Management lifted its position in shares of Franco-Nevada by 31.9% in the second quarter. Tevis Investment Management now owns 15,777 shares of the basic materials company's stock worth $2,586,000 after purchasing an additional 3,820 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Franco-Nevada in the second quarter worth approximately $2,795,000. Winmill & CO. Inc. increased its holdings in Franco-Nevada by 78.3% in the second quarter. Winmill & CO. Inc. now owns 4,600 shares of the basic materials company's stock worth $754,000 after buying an additional 2,020 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Franco-Nevada by 37.2% in the second quarter. Envestnet Asset Management Inc. now owns 80,096 shares of the basic materials company's stock worth $13,129,000 after buying an additional 21,708 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.
Franco-Nevada Trading Up 1.4%
FNV stock opened at $161.61 on Monday. Franco-Nevada has a 52 week low of $112.70 and a 52 week high of $179.99. The company has a market capitalization of $31.13 billion, a price-to-earnings ratio of 50.50, a price-to-earnings-growth ratio of 2.15 and a beta of 0.36. The firm's 50-day moving average is $164.51 and its two-hundred day moving average is $156.11.
Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.07. The company had revenue of $368.40 million for the quarter, compared to analysts' expectations of $328.79 million. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The business's revenue was up 43.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. On average, equities research analysts predict that Franco-Nevada will post 3.09 earnings per share for the current year.
Franco-Nevada Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a yield of 0.9%. Franco-Nevada's dividend payout ratio is currently 47.50%.
About Franco-Nevada
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Get Free ReportFranco-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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