Franco-Nevada Corp. (FNV) Shares Down 3.1%
Shares of Franco-Nevada Corp. (NYSE:FNV) traded down 3.1% during trading on Tuesday . The stock traded as low as $70.44 and last traded at $70.47, with a volume of 323,601 shares traded. The stock had previously closed at $72.74.
Several analysts have issued reports on FNV shares. Deutsche Bank AG restated a “sell” rating on shares of Franco-Nevada Corp. in a report on Wednesday, July 20th. Vetr upgraded Franco-Nevada Corp. from a “strong sell” rating to a “sell” rating and set a $62.44 target price for the company in a report on Wednesday, June 22nd. Goldman Sachs Group Inc. cut Franco-Nevada Corp. from a “neutral” rating to a “sell” rating and upped their target price for the company from $48.40 to $51.00 in a report on Wednesday, May 11th. Canaccord Genuity restated a “hold” rating and issued a $86.00 target price (up from $84.00) on shares of Franco-Nevada Corp. in a report on Friday, May 6th. Finally, Barclays PLC upped their target price on Franco-Nevada Corp. from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, August 8th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $70.19.
The stock has a market cap of $12.38 billion and a PE ratio of 205.68. The stock has a 50-day moving average of $76.04 and a 200-day moving average of $68.52.
Franco-Nevada Corp. (NYSE:FNV) last released its quarterly earnings results on Monday, August 8th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. The company earned $150.90 million during the quarter, compared to analyst estimates of $149.36 million. During the same period last year, the firm earned $0.15 earnings per share. The business’s revenue was up 37.9% compared to the same quarter last year. On average, equities research analysts forecast that Franco-Nevada Corp. will post $0.89 earnings per share for the current year.
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 issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.27%.
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.