Franco-Nevada Corporation (FNV) Given Average Recommendation of “Buy” by Analysts
Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) has been assigned a consensus rating of “Buy” from the eighteen ratings firms that are covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $80.83.
Several brokerages have commented on FNV. Credit Suisse Group set a $78.00 price objective on Franco-Nevada Corporation and gave the company a “buy” rating in a research report on Tuesday, July 18th. ValuEngine upgraded Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded Franco-Nevada Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Scotiabank raised their price target on Franco-Nevada Corporation from $79.50 to $82.00 and gave the company a “sector perform” rating in a report on Friday, September 8th. Finally, Deutsche Bank AG restated a “hold” rating and set a $64.00 price target (down from $65.00) on shares of Franco-Nevada Corporation in a report on Sunday, June 25th.
Franco-Nevada Corporation (FNV) traded down 1.45% during trading on Friday, reaching $77.48. 651,976 shares of the company’s stock were exchanged. The firm has a market cap of $14.37 billion, a P/E ratio of 97.70 and a beta of -0.07. The stock’s 50 day moving average price is $79.22 and its 200 day moving average price is $72.05. Franco-Nevada Corporation has a 52-week low of $53.31 and a 52-week high of $85.03.
Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings results on Tuesday, August 8th. The basic materials company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. Franco-Nevada Corporation had a return on equity of 4.39% and a net margin of 21.26%. The company had revenue of $163.60 million during the quarter, compared to analyst estimates of $164.62 million. During the same quarter last year, the firm posted $0.22 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. Equities research analysts anticipate that Franco-Nevada Corporation will post $1.00 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, September 13th. Franco-Nevada Corporation’s payout ratio is 119.48%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FNV. Advisory Services Network LLC lifted its stake in Franco-Nevada Corporation by 199.0% in the 2nd quarter. Advisory Services Network LLC now owns 1,504 shares of the basic materials company’s stock valued at $109,000 after buying an additional 1,001 shares in the last quarter. Hexavest Inc. lifted its stake in Franco-Nevada Corporation by 50.7% in the 2nd quarter. Hexavest Inc. now owns 1,662 shares of the basic materials company’s stock valued at $120,000 after buying an additional 559 shares in the last quarter. Blair William & Co. IL purchased a new stake in Franco-Nevada Corporation in the 2nd quarter valued at approximately $210,000. Schroder Investment Management Group purchased a new stake in Franco-Nevada Corporation in the 1st quarter valued at approximately $222,000. Finally, PNC Financial Services Group Inc. lifted its stake in Franco-Nevada Corporation by 40.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,617 shares of the basic materials company’s stock valued at $236,000 after buying an additional 1,039 shares in the last quarter. Institutional investors and hedge funds own 60.24% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/30/franco-nevada-corporation-fnv-given-average-recommendation-of-buy-by-analysts.html.
About Franco-Nevada Corporation
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
Receive News & Stock Ratings for Franco-Nevada Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada Corporation and related stocks with our FREE daily email newsletter.