Franco-Nevada Co. (TSE:FNV) Announces Quarterly Dividend of $0.49

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV announced a quarterly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Thursday, June 13th will be given a dividend of 0.487 per share on Thursday, June 27th. This represents a $1.95 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, June 13th. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.48.

Franco-Nevada Stock Up 1.9 %

Franco-Nevada stock traded up C$3.17 during midday trading on Friday, reaching C$168.57. The company's stock had a trading volume of 272,892 shares, compared to its average volume of 371,679. The company has a market cap of C$32.40 billion, a P/E ratio of -50.62, a P/E/G ratio of 5.00 and a beta of 0.63. The company has a quick ratio of 23.26, a current ratio of 41.21 and a debt-to-equity ratio of 1.63. The business has a 50-day simple moving average of C$158.40 and a 200-day simple moving average of C$156.53. Franco-Nevada has a fifty-two week low of C$139.19 and a fifty-two week high of C$217.70.

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

Insider Activity

In related news, Senior Officer Sandip Rana sold 10,749 shares of the firm's stock in a transaction dated 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, 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 value of C$1,722,952.91. Also, Director Paul Brink sold 2,315 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$157.33, for a total transaction of C$364,221.50. Over the last 90 days, insiders have sold 16,839 shares of company stock valued at $2,686,396. Company insiders own 0.69% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on FNV. National Bankshares upped their target price on shares of Franco-Nevada from C$190.00 to C$195.00 and gave the company a "sector perform" rating in a report on Friday. Bank of America raised their price objective on Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Scotiabank reduced their target price on Franco-Nevada from C$141.00 to C$139.00 and set a "sector perform" rating for the company in a report on Thursday, March 7th. Canaccord Genuity Group raised their price target on Franco-Nevada from C$168.00 to C$177.00 in a research note on Tuesday, April 23rd. Finally, Eight Capital boosted their price objective on Franco-Nevada from C$190.00 to C$200.00 and gave the company a "buy" rating in a research note on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$191.50.

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.