Franco-Nevada (TSE:FNV) Price Target Raised to C$196.00 at Stifel Nicolaus

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target lifted by Stifel Nicolaus from C$182.00 to C$196.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Bank of America upped their price objective on shares of Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. National Bankshares decreased their price target on shares of Franco-Nevada from C$172.50 to C$170.00 and set a sector perform rating for the company in a research report on Thursday, March 7th. Scotiabank decreased their price target on shares of Franco-Nevada from C$141.00 to C$139.00 and set a sector perform rating for the company in a research report on Thursday, March 7th. Veritas Investment Research upped their price target on shares of Franco-Nevada from C$149.00 to C$173.00 in a research report on Friday, April 12th. Finally, BMO Capital Markets decreased their price target on shares of Franco-Nevada from C$200.00 to C$195.00 in a research report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Franco-Nevada currently has an average rating of Moderate Buy and an average target price of C$185.27.

Franco-Nevada Price Performance

Shares of TSE:FNV opened at C$167.00 on Friday. The firm has a 50 day moving average of C$154.87 and a 200-day moving average of C$157.56. The stock has a market capitalization of C$32.09 billion, a PE ratio of -50.15, a PEG ratio of 5.00 and a beta of 0.63. The company has a current ratio of 41.21, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$217.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its earnings results on Tuesday, March 5th. The company reported C$1.23 EPS for the quarter, beating the consensus estimate of C$1.07 by C$0.16. The company had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. On average, equities research analysts predict that Franco-Nevada will post 4.2780116 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.477 per share. The ex-dividend date was Wednesday, March 13th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.47. This represents a $1.91 annualized dividend and a yield of 1.14%. Franco-Nevada’s dividend payout ratio is currently -58.86%.

Insider Buying and Selling

In related news, Senior Officer Eaun Harrison Gray sold 330 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$156.69, for a total transaction of C$51,707.70. In related news, Senior Officer Eaun Harrison Gray sold 330 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$156.69, for a total transaction of C$51,707.70. Also, Director Paul Brink sold 3,445 shares of the company’s 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. Insiders have sold a total of 16,839 shares of company stock valued at $2,686,396 over the last ninety days. 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.