Franco-Nevada (NYSE:FNV) Stock Price Down 4.1% - What's Next?

Franco-Nevada Corporation (NYSE:FNV - Get Free Report) TSE: FNV shares were down 4.1% during mid-day trading on Tuesday . The stock traded as low as $160.89 and last traded at $158.61. Approximately 102,870 shares were traded during trading, a decline of 86% from the average daily volume of 746,321 shares. The stock had previously closed at $165.39.

Analysts Set New Price Targets

FNV has been the subject of several research reports. UBS Group increased their target price on Franco-Nevada from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. BMO Capital Markets restated an "outperform" rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. HC Wainwright restated a "buy" rating and issued a $195.00 target price (up from $180.00) on shares of Franco-Nevada in a research note on Wednesday, May 28th. Royal Bank Of Canada increased their target price on Franco-Nevada from $160.00 to $190.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Finally, TD Securities lowered Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price for the company. in a research report on Tuesday, March 11th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $172.13.

Franco-Nevada Stock Performance

The company's fifty day simple moving average is $166.64 and its two-hundred day simple moving average is $151.18. The company has a market capitalization of $30.61 billion, a price-to-earnings ratio of 49.65, a price-to-earnings-growth ratio of 2.26 and a beta of 0.41.

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. Sell-side analysts anticipate that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Announces Dividend

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

Hedge Funds Weigh In On Franco-Nevada

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

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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