A number of firms have modified their ratings and price targets on shares of Franco-Nevada Corporation (NYSE: FNV) recently:

  • 8/10/2017 – Franco-Nevada Corporation had its price target raised by analysts at TD Securities from $83.00 to $88.00. They now have a “buy” rating on the stock.
  • 8/10/2017 – Franco-Nevada Corporation had its price target raised by analysts at Scotiabank from $78.00 to $79.50. They now have a “sector perform” rating on the stock.
  • 8/5/2017 – Franco-Nevada Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/31/2017 – Franco-Nevada Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $81.00 price target on the stock. According to Zacks, “Franco-Nevada Corporation is a gold focused royalty and stream company with additional interests in platinum group metals and other resource assets. The Company’s assets are mostly mineral and oil & gas royalties or streams but also include some working and equity interests, undeveloped properties, options to acquire royalties and other assets. The mineral assets are further characterized by commodity as being in the Gold, PGM or Other Minerals categories and these in turn are further subdivided by their project status as being either, Operating, Advanced or Exploration royalties. Majorities of the Mineral Royalties are characterized as being Gold and the majority of revenues are from gold operations. The Oil & Gas interests are located primarily in the Western Canadian sedimentary basin with a larger amount of revenue generated from conventional oil than from natural gas properties. Franco-Nevada Corporation is headquartered in Toronto, Canada. “
  • 7/30/2017 – Franco-Nevada Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/28/2017 – Franco-Nevada Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Franco-Nevada Corporation is a gold focused royalty and stream company with additional interests in platinum group metals and other resource assets. The Company’s assets are mostly mineral and oil & gas royalties or streams but also include some working and equity interests, undeveloped properties, options to acquire royalties and other assets. The mineral assets are further characterized by commodity as being in the Gold, PGM or Other Minerals categories and these in turn are further subdivided by their project status as being either, Operating, Advanced or Exploration royalties. Majorities of the Mineral Royalties are characterized as being Gold and the majority of revenues are from gold operations. The Oil & Gas interests are located primarily in the Western Canadian sedimentary basin with a larger amount of revenue generated from conventional oil than from natural gas properties. Franco-Nevada Corporation is headquartered in Toronto, Canada. “
  • 7/24/2017 – Franco-Nevada Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/24/2017 – Franco-Nevada Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $83.00 price target on the stock. According to Zacks, “Franco-Nevada Corporation is a gold focused royalty and stream company with additional interests in platinum group metals and other resource assets. The Company’s assets are mostly mineral and oil & gas royalties or streams but also include some working and equity interests, undeveloped properties, options to acquire royalties and other assets. The mineral assets are further characterized by commodity as being in the Gold, PGM or Other Minerals categories and these in turn are further subdivided by their project status as being either, Operating, Advanced or Exploration royalties. Majorities of the Mineral Royalties are characterized as being Gold and the majority of revenues are from gold operations. The Oil & Gas interests are located primarily in the Western Canadian sedimentary basin with a larger amount of revenue generated from conventional oil than from natural gas properties. Franco-Nevada Corporation is headquartered in Toronto, Canada. “
  • 7/18/2017 – Franco-Nevada Corporation was given a new $78.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 7/16/2017 – Franco-Nevada Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/13/2017 – Franco-Nevada Corporation had its price target lowered by analysts at Barclays PLC from $74.00 to $72.00. They now have an “equal weight” rating on the stock.
  • 7/12/2017 – Franco-Nevada Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $80.00 price target on the stock. According to Zacks, “Franco-Nevada Corporation is a gold focused royalty and stream company with additional interests in platinum group metals and other resource assets. The Company’s assets are mostly mineral and oil & gas royalties or streams but also include some working and equity interests, undeveloped properties, options to acquire royalties and other assets. The mineral assets are further characterized by commodity as being in the Gold, PGM or Other Minerals categories and these in turn are further subdivided by their project status as being either, Operating, Advanced or Exploration royalties. Majorities of the Mineral Royalties are characterized as being Gold and the majority of revenues are from gold operations. The Oil & Gas interests are located primarily in the Western Canadian sedimentary basin with a larger amount of revenue generated from conventional oil than from natural gas properties. Franco-Nevada Corporation is headquartered in Toronto, Canada. “
  • 7/5/2017 – Franco-Nevada Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/27/2017 – Franco-Nevada Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/25/2017 – Franco-Nevada Corporation had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $64.00 price target on the stock, down previously from $65.00.
  • 6/15/2017 – Franco-Nevada Corporation had its “outperform” rating reaffirmed by analysts at Raymond James Financial, Inc.. They now have a $85.00 price target on the stock.
  • 6/14/2017 – Franco-Nevada Corporation was given a new $80.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.

Shares of Franco-Nevada Corporation (NYSE FNV) opened at 77.66 on Friday. The company has a market cap of $14.17 billion, a price-to-earnings ratio of 99.56 and a beta of -0.03. Franco-Nevada Corporation has a one year low of $53.31 and a one year high of $80.00. The company’s 50-day moving average is $72.65 and its 200-day moving average is $69.09.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last posted its earnings results on Tuesday, August 8th. The basic materials company reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. Franco-Nevada Corporation had a net margin of 21.26% and a return on equity of 4.39%. The company had revenue of $163.60 million for the quarter, compared to analysts’ expectations of $164.62 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. Franco-Nevada Corporation’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts predict that Franco-Nevada Corporation will post $0.98 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be given a $0.23 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $0.92 dividend on an annualized basis and a yield of 1.18%. Franco-Nevada Corporation’s payout ratio is currently 119.48%.

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.

Receive News & Ratings for Franco-Nevada Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada Corporation and related companies with MarketBeat.com's FREE daily email newsletter.