Franco-Nevada (TSE:FNV) Given New C$177.00 Price Target at Canaccord Genuity Group

Franco-Nevada (TSE:FNV - Free Report) NYSE: FNV had its price objective increased by Canaccord Genuity Group from C$168.00 to C$177.00 in a research report released on Tuesday, BayStreet.CA reports.

A number of other brokerages also recently issued reports on FNV. Scotiabank lowered their price objective on Franco-Nevada from C$141.00 to C$139.00 and set a sector perform rating for the company in a research report on Thursday, March 7th. Stifel Nicolaus raised their price target on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the stock a buy rating in a report on Friday. BMO Capital Markets reduced their price objective on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Wednesday, March 6th. National Bankshares lowered their target price on shares of Franco-Nevada from C$172.50 to C$170.00 and set a sector perform rating for the company in a research note on Thursday, March 7th. Finally, Eight Capital upped their price target on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the company a buy rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Franco-Nevada currently has an average rating of Moderate Buy and an average target price of C$187.50.

Franco-Nevada Price Performance

TSE:FNV traded up C$1.08 on Tuesday, hitting C$163.08. The company had a trading volume of 296,021 shares, compared to its average volume of 379,665. The stock has a market capitalization of C$31.34 billion, a price-to-earnings ratio of -48.97, a PEG ratio of 5.00 and a beta of 0.63. The company has a current ratio of 41.21, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The firm has a 50 day moving average of C$155.54 and a two-hundred day moving average of C$157.03. Franco-Nevada has a 52 week low of C$139.19 and a 52 week high of C$217.70.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last released its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.07 by C$0.16. The firm had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. On average, research analysts anticipate that Franco-Nevada will post 4.2780116 earnings per share for the current year.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Wednesday, March 13th. This is a boost from Franco-Nevada's previous quarterly dividend of $0.47. Franco-Nevada's dividend payout ratio is -58.86%.

Insider Activity

In other Franco-Nevada news, Senior Officer Sandip Rana sold 10,749 shares of the firm's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total value of C$1,722,952.91. In other Franco-Nevada news, Director Paul Brink sold 3,445 shares of the business's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total value of C$547,513.85. Also, Senior Officer Sandip Rana sold 10,749 shares of the firm's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total value of C$1,722,952.91. Insiders sold a total of 16,839 shares of company stock worth $2,686,396 in the last three months. Company insiders own 0.69% of the company's stock.

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.