Veritas Investment Research Boosts Franco-Nevada (TSE:FNV) Price Target to C$173.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price increased by Veritas Investment Research from C$149.00 to C$173.00 in a research note published on Friday morning, BayStreet.CA reports.

A number of other research firms have also recently commented on FNV. BMO Capital Markets decreased their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Wednesday, March 6th. Raymond James decreased their target price on shares of Franco-Nevada from C$146.00 to C$138.00 and set an outperform rating on the stock in a research note on Thursday, March 7th. Bank of America raised their target price on shares of Franco-Nevada from C$186.00 to C$190.00 in a research note on Tuesday, April 9th. Stifel Nicolaus cut their price objective on shares of Franco-Nevada from C$186.00 to C$182.00 in a report on Friday, January 26th. Finally, National Bankshares cut their price objective on shares of Franco-Nevada from C$172.50 to C$170.00 and set a sector perform rating for the company in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Franco-Nevada currently has an average rating of Moderate Buy and an average price target of C$184.00.

Franco-Nevada Price Performance

Shares of TSE:FNV opened at C$160.53 on Friday. The firm’s 50 day moving average price is C$153.26 and its 200-day moving average price is C$157.65. Franco-Nevada has a twelve month low of C$139.19 and a twelve month high of C$217.70. The company has a quick ratio of 23.26, a current ratio of 41.21 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of C$30.85 billion, a PE ratio of -48.21, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its earnings results on Tuesday, March 5th. The company reported C$1.23 EPS for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.16. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. The company had revenue of C$412.95 million for the quarter. Equities research analysts expect that Franco-Nevada will post 4.2780116 EPS for the current year.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.477 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.47. This represents a $1.91 dividend on an annualized basis and a dividend yield of 1.19%. Franco-Nevada’s dividend payout ratio (DPR) is -58.86%.

Insider Activity at Franco-Nevada

In related news, Senior Officer Sandip Rana sold 10,749 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total value of C$1,722,952.91. In other Franco-Nevada news, Senior Officer Sandip Rana sold 10,749 shares of Franco-Nevada stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. Also, Director Paul Brink sold 3,445 shares of Franco-Nevada stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total transaction of C$547,513.85. Over the last ninety days, insiders sold 16,839 shares of company stock valued at $2,686,396. 0.69% of the stock is owned by corporate insiders.

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.