Franco-Nevada Co. (NYSE:FNV) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) have earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $157.88.

A number of brokerages recently weighed in on FNV. Royal Bank of Canada lifted their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 11th. National Bankshares reissued a “sector perform” rating on shares of Franco-Nevada in a research note on Wednesday, April 2nd. HC Wainwright upped their price target on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, March 26th. StockNews.com upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Scotiabank boosted their target price on Franco-Nevada from $145.00 to $150.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 11th.

Hedge Funds Weigh In On Franco-Nevada

Hedge funds have recently modified their holdings of the stock. Citigroup Inc. boosted its position in shares of Franco-Nevada by 33.1% in the 3rd quarter. Citigroup Inc. now owns 36,710 shares of the basic materials company’s stock valued at $4,565,000 after purchasing an additional 9,119 shares during the period. Cerity Partners LLC boosted its holdings in shares of Franco-Nevada by 28.4% in the third quarter. Cerity Partners LLC now owns 3,581 shares of the basic materials company’s stock worth $445,000 after buying an additional 791 shares during the period. Verition Fund Management LLC purchased a new position in shares of Franco-Nevada in the third quarter worth approximately $2,995,000. PDT Partners LLC acquired a new stake in shares of Franco-Nevada during the third quarter valued at approximately $1,309,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Franco-Nevada in the 3rd quarter valued at approximately $244,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Trading Up 0.3 %

Shares of NYSE:FNV opened at $145.39 on Tuesday. The firm’s 50 day moving average is $145.51 and its two-hundred day moving average is $131.81. The firm has a market capitalization of $28.00 billion, a P/E ratio of -46.01, a PEG ratio of 9.78 and a beta of 0.68. Franco-Nevada has a 52 week low of $112.70 and a 52 week high of $161.36.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The firm had revenue of $321.00 million for the quarter, compared to analysts’ expectations of $304.33 million. During the same period last year, the firm earned $0.90 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Analysts predict that Franco-Nevada will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Thursday, March 13th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s dividend payout ratio is 53.15%.

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.