Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, the United States, Canada, and internationally. It operates in two segments, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids. The company was founded in 1983 and is headquartered in Toronto, Canada.
Franco-Nevada Stock Performance
Shares of FNV Stock opened at $133.34 on Friday. Franco-Nevada has a one year low of $122.38 and a one year high of $169.32. The company's 50-day simple moving average is $133.13 and its 200-day simple moving average is $144.07. The stock has a market capitalization of $25.53 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 9.35 and a beta of 0.62.
Franco-Nevada (NYSE:FNV - Get Rating) (TSE:FNV) last issued its quarterly earnings results on Wednesday, August 10th. The basic materials company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.96 by $0.06. Franco-Nevada had a net margin of 57.33% and a return on equity of 11.57%. The business had revenue of $352.30 million for the quarter, compared to analysts' expectations of $348.83 million. During the same quarter last year, the company posted $0.96 earnings per share. The company's quarterly revenue was up 1.5% compared to the same quarter last year. As a group, research analysts forecast that Franco-Nevada will post 3.59 EPS for the current year.
Franco-Nevada Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.28 annualized dividend and a dividend yield of 0.96%. Franco-Nevada's payout ratio is 32.00%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Barclays downgraded Franco-Nevada from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $130.00 to $112.00 in a report on Tuesday, July 19th. TD Securities decreased their price objective on shares of Franco-Nevada from $170.00 to $165.00 and set a "buy" rating for the company in a research report on Friday. KeyCorp decreased their price objective on shares of Franco-Nevada from $180.00 to $143.00 and set an "overweight" rating for the company in a research report on Monday, July 18th. Raymond James decreased their price objective on shares of Franco-Nevada from $176.00 to $175.00 and set an "outperform" rating for the company in a research report on Friday. Finally, National Bank Financial decreased their price objective on shares of Franco-Nevada from C$225.00 to C$205.00 in a research report on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $169.38.