Franco-Nevada Co. (NYSE:FNV) Given Average Recommendation of “Hold” by Brokerages

Shares of Franco-Nevada Co. (NYSE:FNVGet Free Report) (TSE:FNV) have been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $161.33.

FNV has been the topic of several research reports. Raymond James dropped their price objective on shares of Franco-Nevada from $148.00 to $141.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 12th. BMO Capital Markets dropped their target price on shares of Franco-Nevada from $219.00 to $214.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 21st. Royal Bank of Canada dropped their target price on shares of Franco-Nevada from $155.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 1st. Scotiabank dropped their target price on shares of Franco-Nevada from $159.00 to $141.00 and set a “sector perform” rating on the stock in a research note on Thursday, December 14th. Finally, TD Securities dropped their target price on shares of Franco-Nevada from $135.00 to $125.00 and set a “hold” rating on the stock in a research note on Thursday, November 30th.

Read Our Latest Research Report on FNV

Institutional Trading of Franco-Nevada

A number of hedge funds and other institutional investors have recently modified their holdings of FNV. Sheets Smith Wealth Management bought a new position in shares of Franco-Nevada during the first quarter worth $238,000. VisionPoint Advisory Group LLC bought a new position in Franco-Nevada during the third quarter valued at $30,000. Castleview Partners LLC bought a new position in Franco-Nevada during the third quarter valued at $33,000. State of Wyoming bought a new position in Franco-Nevada during the fourth quarter valued at $38,000. Finally, Penserra Capital Management LLC bought a new position in Franco-Nevada during the first quarter valued at $47,000. 66.70% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Trading Down 1.8 %

Shares of FNV opened at $105.31 on Thursday. Franco-Nevada has a 1-year low of $102.29 and a 1-year high of $161.25. The firm’s 50-day moving average price is $109.56 and its 200-day moving average price is $126.04. The firm has a market capitalization of $20.24 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 5.01 and a beta of 0.71.

Franco-Nevada (NYSE:FNVGet Free Report) (TSE:FNV) last posted its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. Franco-Nevada had a net margin of 55.10% and a return on equity of 10.23%. The business had revenue of $309.50 million for the quarter, compared to analyst estimates of $317.93 million. During the same quarter in the previous year, the firm posted $0.83 earnings per share. Franco-Nevada’s quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts forecast that Franco-Nevada will post 3.54 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, March 13th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.37%. Franco-Nevada’s dividend payout ratio is 38.42%.

About Franco-Nevada

(Get Free Report

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, 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.

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Analyst Recommendations for Franco-Nevada (NYSE:FNV)

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