Franco-Nevada - FNV Stock Forecast, Price & News

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

FNV traded down C$1.00 during trading hours on Tuesday, reaching C$169.80. The company's stock had a trading volume of 147,053 shares, compared to its average volume of 446,430. Franco-Nevada has a 52 week low of C$157.31 and a 52 week high of C$216.32. The company's 50-day moving average is C$171.25 and its 200-day moving average is C$184.06. The company has a debt-to-equity ratio of 1.63, a quick ratio of 24.88 and a current ratio of 26.01. The firm has a market cap of C$32.53 billion and a PE ratio of 33.29.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.409 per share. This is a boost from Franco-Nevada's previous quarterly dividend of $0.41. The ex-dividend date is Wednesday, September 14th. This represents a $1.64 annualized dividend and a yield of 0.96%. Franco-Nevada's dividend payout ratio (DPR) is presently 24.31%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FNV shares. BMO Capital Markets reduced their price target on Franco-Nevada from C$227.00 to C$226.00 in a research report on Monday, July 18th. National Bankshares reduced their price target on Franco-Nevada from C$225.00 to C$205.00 and set a "sector perform" rating for the company in a research report on Thursday, July 21st. Canaccord Genuity Group upped their price target on Franco-Nevada from C$210.00 to C$215.00 in a research report on Friday, April 22nd. National Bank Financial reaffirmed a "sector perform market weight" rating on shares of Franco-Nevada in a research report on Wednesday, July 20th. Finally, HC Wainwright reaffirmed a "buy" rating and set a C$180.00 price target on shares of Franco-Nevada in a research report on Thursday, May 5th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Franco-Nevada has a consensus rating of "Moderate Buy" and a consensus target price of C$195.00.