Franco-Nevada (TSE:FNV) PT Raised to C$177.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective hoisted by Canaccord Genuity Group from C$168.00 to C$177.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

A number of other brokerages have also issued reports on FNV. Bank of America upped their price objective on shares of Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Scotiabank dropped their price objective on shares of Franco-Nevada from C$141.00 to C$139.00 and set a sector perform rating for the company in a report on Thursday, March 7th. Stifel Nicolaus upped their price objective on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the company a buy rating in a report on Friday, April 19th. Eight Capital upped their price objective on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the company a buy rating in a report on Monday, April 22nd. Finally, Raymond James dropped their price objective on shares of Franco-Nevada from C$146.00 to C$138.00 and set an outperform rating for the company in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$187.50.

Franco-Nevada Price Performance

Franco-Nevada stock opened at C$167.97 on Tuesday. Franco-Nevada has a 52-week low of C$139.19 and a 52-week high of C$217.70. The firm has a market capitalization of C$32.28 billion, a price-to-earnings ratio of -50.44, a PEG ratio of 5.00 and a beta of 0.63. The company has a fifty day simple moving average of C$156.69 and a 200-day simple moving average of C$157.05. The company has a quick ratio of 23.26, a current ratio of 41.21 and a debt-to-equity ratio of 1.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share (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 business had revenue of C$412.95 million during the quarter. On average, equities analysts anticipate 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. Shareholders of record on Thursday, March 14th were given a $0.477 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.91 dividend on an annualized basis and a yield of 1.14%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.47. Franco-Nevada’s dividend payout ratio is presently -58.86%.

Insider Buying and Selling at Franco-Nevada

In other news, Senior Officer Sandip Rana sold 10,749 shares of the stock in a transaction dated 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 news, Director Paul Brink sold 3,445 shares of the stock in a transaction dated Thursday, March 21st. The shares were 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 the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. Insiders have sold 16,839 shares of company stock valued at $2,686,396 over the last 90 days. 0.69% of the stock is owned by 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.