Stifel Nicolaus Raises Franco-Nevada (TSE:FNV) Price Target to C$215.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target lifted by Stifel Nicolaus from C$200.00 to C$215.00 in a report issued on Monday, BayStreet.CA reports.

FNV has been the topic of a number of other research reports. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. BMO Capital Markets upped their price target on Franco-Nevada from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. CIBC lifted their price objective on Franco-Nevada from C$250.00 to C$265.00 in a report on Wednesday, July 10th. Canaccord Genuity Group boosted their price objective on Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. Finally, National Bankshares cut their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$192.80.

Franco-Nevada Stock Down 0.2 %

FNV stock opened at C$188.11 on Monday. The stock has a market cap of C$36.20 billion, a P/E ratio of -44.89, a P/E/G ratio of 5.00 and a beta of 0.68. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The stock’s fifty day simple moving average is C$168.86 and its two-hundred day simple moving average is C$168.01. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$193.01.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$1.03 earnings per share for the quarter, missing the consensus estimate of C$1.07 by C($0.04). The company had revenue of C$355.88 million for the quarter. Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. Analysts expect that Franco-Nevada will post 3.1114111 EPS for the current year.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a $0.497 dividend. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.49. This represents a $1.99 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Thursday, September 12th. Franco-Nevada’s dividend payout ratio (DPR) is -46.30%.

Insider Activity at Franco-Nevada

In other news, Director Nicholas Hugo Housby Dryland bought 805 shares of the stock in a transaction on Monday, September 16th. The shares were 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 of the company’s stock, valued at C$136,001.53. 0.69% of the stock is owned by corporate 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.