Franco-Nevada Co. (FNV) to Issue Quarterly Dividend of $0.49 on December 19th

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Thursday, December 5th will be paid a dividend of 0.487 per share on Thursday, December 19th. This represents a $1.95 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Thursday, December 5th.

Franco-Nevada Stock Down 0.5 %

Shares of Franco-Nevada stock opened at C$170.53 on Tuesday. The business has a 50-day moving average of C$173.45 and a two-hundred day moving average of C$169.78. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$191.17. The company has a market capitalization of C$32.82 billion, a P/E ratio of -40.70, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68.

Insiders Place Their Bets

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the stock in a transaction on Monday, September 16th. The shares were purchased at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the acquisition, the director now directly owns 805 shares in the company, valued at approximately C$136,001.53. The trade was a ∞ increase in their position. Company insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FNV shares. Stifel Nicolaus raised their price target on shares of Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. TD Securities raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. CIBC raised their price target on Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday. UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. Finally, Canaccord Genuity Group dropped their price objective on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$190.80.

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.