Franco Nevada Corp (FNV) Price Target Increased to C$121.00 by Analysts at Canaccord Genuity
A number of other research firms have also weighed in on FNV. Bank of America Corporation increased their target price on Franco Nevada Corp from C$107.00 to C$110.00 in a research note on Friday, September 8th. Scotiabank increased their target price on Franco Nevada Corp to C$100.00 and gave the stock a sector perform rating in a research note on Friday, September 8th. Finally, CIBC increased their target price on Franco Nevada Corp from C$105.00 to C$110.00 in a research note on Thursday, August 10th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of C$108.13.
Shares of Franco Nevada Corp (FNV) opened at C$106.50 on Tuesday. Franco Nevada Corp has a 52 week low of C$71.44 and a 52 week high of C$107.91.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be paid a dividend of $0.296 per share. The ex-dividend date is Wednesday, December 6th. This represents a $1.18 annualized dividend and a dividend yield of 1.11%. This is a positive change from Franco Nevada Corp’s previous quarterly dividend of $0.23. Franco Nevada Corp’s dividend payout ratio (DPR) is currently 88.24%.
In other news, Director Derek Watson Evans sold 65,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of C$99.81, for a total transaction of C$6,487,650.00. Also, insider Kerry Elwyn Sparkes sold 643 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of C$103.36, for a total value of C$66,460.48.
About Franco Nevada Corp
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.
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