ValuEngine upgraded shares of Franco Nevada (NYSE:FNV) (TSE:FNV) from a hold rating to a buy rating in a report released on Wednesday.

A number of other equities analysts also recently issued reports on the company. Royal Bank of Canada reiterated a buy rating on shares of Franco Nevada in a report on Wednesday, November 7th. TD Securities decreased their price objective on Franco Nevada from $82.00 to $79.00 and set a buy rating for the company in a report on Wednesday, November 7th. Zacks Investment Research downgraded Franco Nevada from a hold rating to a strong sell rating in a report on Thursday, October 11th. Barclays started coverage on Franco Nevada in a report on Wednesday, October 10th. They set an overweight rating and a $70.00 price target for the company. Finally, Desjardins upgraded Franco Nevada from a sell rating to a hold rating in a report on Saturday, October 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $80.71.

FNV opened at $70.18 on Wednesday. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 64.98, a PEG ratio of 14.59 and a beta of -0.13. Franco Nevada has a 12-month low of $58.26 and a 12-month high of $86.06.

Franco Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $170.60 million during the quarter, compared to the consensus estimate of $158.85 million. Franco Nevada had a return on equity of 4.76% and a net margin of 31.81%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. On average, equities analysts forecast that Franco Nevada will post 1.17 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, December 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.37%. Franco Nevada’s payout ratio is presently 88.89%.

Large investors have recently modified their holdings of the company. Tuttle Tactical Management bought a new position in shares of Franco Nevada during the second quarter valued at $111,000. Stratos Wealth Partners LTD. bought a new position in shares of Franco Nevada during the third quarter valued at $146,000. Janney Montgomery Scott LLC bought a new position in shares of Franco Nevada during the second quarter valued at $218,000. Community Financial Services Group LLC bought a new position in shares of Franco Nevada during the second quarter valued at $219,000. Finally, Cumberland Partners Ltd bought a new position in shares of Franco Nevada during the second quarter valued at $234,000. Hedge funds and other institutional investors own 64.98% of the company’s stock.

About Franco Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Peru, Chile, Australia, and Africa. The company also holds interests in silver, platinum group metals, oil and gas, and other resource assets. As of December 31, 2017, it had a portfolio of 341 assets.

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Analyst Recommendations for Franco Nevada (NYSE:FNV)

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