Brokerages Set Franco-Nevada Co. (TSE:FNV) Target Price at C$189.80

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) has been given a consensus rating of “Buy” by the nine brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$190.80.

A number of brokerages have commented on FNV. UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. CIBC upped their price objective on shares of Franco-Nevada from C$235.00 to C$245.00 in a report on Monday. Stifel Nicolaus upped their price objective on shares of Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, National Bankshares cut their price objective on shares of Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th.

Insider Activity at Franco-Nevada

In related news, Director Nicholas Hugo Housby Dryland purchased 805 shares of Franco-Nevada stock in a transaction dated Monday, September 16th. The shares were acquired 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 directly owns 805 shares in the company, valued at approximately C$136,001.53. The trade was a ∞ increase in their ownership of the stock. 0.69% of the stock is owned by corporate insiders.

Franco-Nevada Stock Performance

Shares of Franco-Nevada stock opened at C$172.04 on Friday. The company has a market capitalization of C$33.11 billion, a PE ratio of -41.06, a P/E/G ratio of 5.00 and a beta of 0.68. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11. The company has a 50-day simple moving average of C$173.55 and a two-hundred day simple moving average of C$169.86. Franco-Nevada has a one year low of C$139.19 and a one year high of C$191.17.

Franco-Nevada Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.487 dividend. This represents a $1.95 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, December 5th. Franco-Nevada’s dividend payout ratio is currently -46.30%.

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.