Franco-Nevada Corporation (NYSE:FNV) Receives $273.40 Consensus PT from Analysts

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) has been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $273.40.

A number of research firms recently weighed in on FNV. Zacks Research upgraded shares of Franco-Nevada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. TD upgraded Franco-Nevada from a “hold” rating to a “buy” rating and cut their price target for the stock from $292.00 to $291.00 in a research note on Wednesday, May 20th. Jefferies Financial Group decreased their price target on Franco-Nevada from $258.00 to $245.00 and set a “hold” rating on the stock in a report on Monday, July 6th. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating and set a $291.00 price objective on the stock in a research report on Wednesday, May 20th. Finally, UBS Group lowered their price objective on Franco-Nevada from $310.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th.

Franco-Nevada Trading Down 1.9%

NYSE FNV opened at $260.49 on Tuesday. Franco-Nevada has a 12 month low of $181.50 and a 12 month high of $285.67. The stock has a market cap of $50.24 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 2.45 and a beta of 0.39. The company’s 50 day moving average is $233.36 and its two-hundred day moving average is $236.90.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Tuesday, August 11th. The basic materials company reported $1.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.14). The firm had revenue of $580.90 million during the quarter, compared to the consensus estimate of $616.66 million. Franco-Nevada had a return on equity of 18.58% and a net margin of 63.79%.The business’s revenue for the quarter was up 57.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.24 earnings per share. Sell-side analysts forecast that Franco-Nevada will post 7.54 EPS for the current year.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, September 10th. Franco-Nevada’s dividend payout ratio (DPR) is 23.01%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FNV. Clark Capital Management Group Inc. raised its position in shares of Franco-Nevada by 1.0% in the fourth quarter. Clark Capital Management Group Inc. now owns 5,054 shares of the basic materials company’s stock valued at $1,048,000 after buying an additional 50 shares during the last quarter. Syon Capital LLC boosted its holdings in Franco-Nevada by 2.1% in the 4th quarter. Syon Capital LLC now owns 2,443 shares of the basic materials company’s stock valued at $506,000 after purchasing an additional 51 shares during the last quarter. Guardian Partners Inc. boosted its holdings in Franco-Nevada by 3.2% in the 4th quarter. Guardian Partners Inc. now owns 1,692 shares of the basic materials company’s stock valued at $351,000 after purchasing an additional 52 shares during the last quarter. PFG Investments LLC grew its stake in shares of Franco-Nevada by 0.7% in the 1st quarter. PFG Investments LLC now owns 7,211 shares of the basic materials company’s stock valued at $1,782,000 after buying an additional 52 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Franco-Nevada by 2.1% in the 1st quarter. Parallel Advisors LLC now owns 2,605 shares of the basic materials company’s stock valued at $644,000 after buying an additional 53 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Company Profile

Franco-Nevada Corporation (NYSE: FNV) is a Canada-based royalty and streaming company focused primarily on precious metals. Rather than operating mines, the company provides upfront capital to mining and energy companies in exchange for the right to receive a portion of future production or revenue from designated assets.

Its portfolio is anchored by gold royalties and streams, with additional exposure to silver, platinum group metals and other mined commodities. Franco-Nevada also holds interests in certain energy assets, including oil and natural gas royalties.