Franco-Nevada (TSE:FNV) Price Target Raised to C$200.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective hoisted by Eight Capital from C$190.00 to C$200.00 in a report published on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

FNV has been the topic of a number of other research reports. BMO Capital Markets lowered their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Wednesday, March 6th. Veritas Investment Research boosted their price objective on Franco-Nevada from C$149.00 to C$173.00 in a research report on Friday, April 12th. Raymond James dropped their price objective on Franco-Nevada from C$146.00 to C$138.00 and set an outperform rating for the company in a research note on Thursday, March 7th. Scotiabank decreased their target price on Franco-Nevada from C$141.00 to C$139.00 and set a sector perform rating on the stock in a research note on Thursday, March 7th. Finally, National Bankshares dropped their price target on Franco-Nevada from C$172.50 to C$170.00 and set a sector perform rating for the company in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of C$187.50.

Franco-Nevada Stock Down 0.0 %

TSE FNV opened at C$163.00 on Monday. Franco-Nevada has a 52 week low of C$139.19 and a 52 week 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 company has a market capitalization of C$31.33 billion, a P/E ratio of -48.95, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63. The stock’s 50-day moving average price is C$155.92 and its 200-day moving average price is C$157.08.

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. On average, equities research analysts predict that Franco-Nevada will post 4.2780116 earnings per share for the current year.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a dividend yield of 1.17%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Wednesday, March 13th. Franco-Nevada’s dividend payout ratio is -58.86%.

Insider Activity at Franco-Nevada

In related news, Senior Officer Sandip Rana sold 10,749 shares of the company’s 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. In other Franco-Nevada news, Director Paul Brink sold 3,445 shares of the company’s stock in a transaction that occurred 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. Also, Senior Officer Sandip Rana sold 10,749 shares of Franco-Nevada stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total value of C$1,722,952.91. 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.