Franco-Nevada (TSE:FNV) Price Target Increased to C$151.00 by Analysts at Raymond James

Franco-Nevada (TSE:FNV - Free Report) NYSE: FNV had its price target lifted by Raymond James from C$150.00 to C$151.00 in a research note issued to investors on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages also recently weighed in on FNV. Canaccord Genuity Group lifted their target price on shares of Franco-Nevada from C$168.00 to C$177.00 in a report on Tuesday, April 23rd. Scotiabank lowered their price target on shares of Franco-Nevada from C$141.00 to C$139.00 and set a sector perform rating on the stock in a research note on Thursday, March 7th. Eight Capital increased their target price on Franco-Nevada from C$190.00 to C$200.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Veritas Investment Research lifted their target price on shares of Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. Finally, BMO Capital Markets reduced their price target on Franco-Nevada from C$207.00 to C$205.00 in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of C$191.50.

Franco-Nevada Trading Up 1.9 %

FNV traded up C$3.17 during mid-day trading on Friday, hitting C$168.57. 272,892 shares of the stock were exchanged, compared to its average volume of 371,679. The company has a market cap of C$32.40 billion, a PE ratio of -50.62, 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's fifty day moving average is C$158.40 and its two-hundred day moving average is C$156.53. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$217.70.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last announced its quarterly earnings data on Tuesday, March 5th. The company reported C$1.23 EPS for the quarter, topping analysts' consensus estimates of C$1.07 by C$0.16. Franco-Nevada had a negative return on equity of 7.65% and a negative net margin of 38.33%. The business had revenue of C$412.95 million during the quarter. Equities analysts forecast that Franco-Nevada will post 4.2780116 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.487 per share. The ex-dividend date of this dividend is Thursday, June 13th. This is an increase from Franco-Nevada's previous quarterly dividend of $0.48. This represents a $1.95 annualized dividend and a dividend yield of 1.16%. Franco-Nevada's payout ratio is currently -58.86%.

Insider Activity at Franco-Nevada

In other news, Senior Officer Eaun Harrison Gray sold 330 shares of Franco-Nevada stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total transaction of C$51,707.70. In related news, Senior Officer Sandip Rana sold 10,749 shares of the firm's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. Also, Senior Officer Eaun Harrison Gray sold 330 shares of the company's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$156.69, for a total transaction of C$51,707.70. Insiders have sold a total of 16,839 shares of company stock worth $2,686,396 over the last ninety days. 0.69% of the stock is currently owned by corporate insiders.

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.