Franco-Nevada (TSE:FNV) Given New C$190.00 Price Target at Canaccord Genuity Group

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective reduced by Canaccord Genuity Group from C$198.00 to C$190.00 in a research report report published on Monday morning,BayStreet.CA reports.

A number of other brokerages also recently commented on FNV. National Bankshares dropped their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. Stifel Nicolaus lifted their target price on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. TD Securities raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, CIBC decreased their price objective on Franco-Nevada from C$265.00 to C$235.00 in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$189.80.

Franco-Nevada Stock Performance

The company has a market capitalization of C$31.95 billion, a PE ratio of -39.42, a PEG ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$191.17. The business has a 50 day moving average of C$171.92 and a 200-day moving average of C$169.41. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63.

Franco-Nevada Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.487 per share. This represents a $1.95 annualized dividend and a dividend yield of ∞. The ex-dividend date is Thursday, December 5th. Franco-Nevada’s payout ratio is -46.30%.

Insider Activity

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was purchased at an average price of C$168.95 per share, for a total transaction of C$136,001.53. Following the acquisition, the director now owns 805 shares in the company, valued at approximately C$136,001.53. This trade represents a ∞ increase in their position. Company insiders own 0.69% of the company’s stock.

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.