Franco-Nevada Co. (TSE:FNV) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$192.18.

Several equities analysts have weighed in on the company. National Bankshares lowered their target price on Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. CIBC increased their target price on shares of Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. BMO Capital Markets boosted their price target on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Finally, Canaccord Genuity Group increased their price objective on Franco-Nevada from C$177.00 to C$190.00 in a report on Tuesday, July 23rd.

Insider Transactions at Franco-Nevada

In other news, Senior Officer Adrian Wong sold 530 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$162.20, for a total value of C$85,966.00. In other news, Senior Officer Adrian Wong sold 530 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$162.20, for a total transaction of C$85,966.00. Also, Director Nicholas Hugo Housby Dryland bought 805 shares of Franco-Nevada stock in a transaction dated Monday, September 16th. The stock was acquired at an average cost of C$168.95 per share, for a total transaction of C$136,001.53. Following the purchase, the director now directly owns 805 shares in the company, valued at approximately C$136,001.53. 0.69% of the stock is owned by insiders.

Franco-Nevada Stock Performance

Shares of TSE FNV opened at C$173.65 on Monday. The stock’s fifty day simple moving average is C$169.06 and its 200 day simple moving average is C$165.54. The stock has a market capitalization of C$33.42 billion, a price-to-earnings ratio of -42.15, a PEG ratio of 5.00 and a beta of 0.68. The company has a quick ratio of 23.26, a current ratio of 29.11 and a debt-to-equity ratio of 1.63. Franco-Nevada has a 52-week low of C$139.19 and a 52-week high of C$194.61.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its earnings results on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing the consensus estimate of C$1.07 by C($0.04). The firm had revenue of C$355.88 million during the quarter. Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. As a group, sell-side analysts forecast that Franco-Nevada will post 5.2797203 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a dividend of $0.497 per share. The ex-dividend date is Thursday, September 12th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.49. This represents a $1.99 dividend on an annualized basis and a yield of 1.14%. Franco-Nevada’s dividend payout ratio (DPR) is -47.57%.

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.