Franco-Nevada Co. (TSE:FNV) Receives C$184.00 Consensus Target Price from Analysts

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV has earned a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$185.27.

A number of brokerages have recently issued reports on FNV. Bank of America upped their price objective on Franco-Nevada from C$186.00 to C$190.00 in a research note on Tuesday, April 9th. National Bankshares decreased their price objective 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 report on Thursday, March 7th. Raymond James dropped their target price on shares of Franco-Nevada from C$146.00 to C$138.00 and set an "outperform" rating on the stock in a report on Thursday, March 7th. Scotiabank cut their target price on shares of Franco-Nevada from C$141.00 to C$139.00 and set a "sector perform" rating for the company in a research note on Thursday, March 7th. Finally, BMO Capital Markets lowered their price target on Franco-Nevada from C$200.00 to C$195.00 in a research report on Wednesday, March 6th.

Franco-Nevada Stock Down 0.3 %

FNV stock traded down C$0.53 during midday trading on Friday, hitting C$167.00. The company's stock had a trading volume of 267,455 shares, compared to its average volume of 380,145. The company's fifty day moving average price is C$154.87 and its 200 day moving average price is C$157.56. The company has a debt-to-equity ratio of 1.63, a current ratio of 41.21 and a quick ratio of 23.26. Franco-Nevada has a twelve month low of C$139.19 and a twelve month high of C$217.70. The stock has a market capitalization of C$32.09 billion, a P/E ratio of -50.15, a PEG ratio of 5.00 and a beta of 0.63.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last released its earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share (EPS) for the quarter, beating 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 for the quarter. As a group, equities research analysts predict that Franco-Nevada will post 4.2780116 EPS for the current year.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 1.14%. 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 payout ratio is currently -58.86%.

Insider Activity

In other Franco-Nevada news, Senior Officer Sandip Rana sold 10,749 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. In related news, Director Paul Brink sold 3,445 shares of the business's stock in a transaction that occurred 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 stock was sold at an average price of C$160.29, for a total value of C$1,722,952.91. Over the last quarter, insiders have sold 16,839 shares of company stock valued at $2,686,396. 0.69% of the stock is owned by insiders.

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.