Franco-Nevada (TSE:FNV) Given New C$151.00 Price Target at Raymond James

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target upped by Raymond James from C$150.00 to C$151.00 in a research note issued to investors on Friday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

A number of other equities research analysts have also recently commented on FNV. Eight Capital upped their target price 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. Bank of America increased their price objective on Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. BMO Capital Markets reduced their target price on Franco-Nevada from C$207.00 to C$205.00 in a report on Thursday. Veritas Investment Research upped their price target on shares of Franco-Nevada from C$149.00 to C$173.00 in a research note on Friday, April 12th. Finally, Scotiabank cut 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 report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Franco-Nevada presently has an average rating of Moderate Buy and a consensus price target of C$191.50.

Franco-Nevada Stock Up 1.9 %

Shares of FNV opened at C$168.57 on Friday. The company’s 50-day simple moving average is C$158.40 and its 200-day simple moving average is C$156.53. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 41.21. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$217.70. The stock has a market capitalization of C$32.40 billion, a PE ratio of -50.62, a P/E/G ratio of 5.00 and a beta of 0.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly 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. The company had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative return on equity of 7.65% and a negative net margin of 38.33%. Analysts forecast that Franco-Nevada will post 4.2780116 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.487 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.95 dividend on an annualized basis and a yield of 1.16%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.48. Franco-Nevada’s payout ratio is presently -58.86%.

Insider Activity

In related news, Senior Officer Sandip Rana sold 10,749 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$160.29, for a total value of C$1,722,952.91. In related news, Senior Officer Sandip Rana sold 10,749 shares of the business’s stock in a transaction dated 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. Also, Director Paul Brink sold 3,445 shares of the company’s 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. Insiders have sold 16,839 shares of company stock worth $2,686,396 over the last ninety days. 0.69% of the stock is currently owned by insiders.

About Franco-Nevada

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.