Shares of Franco Nevada Corp (TSE:FNV) (NYSE:FNV) have earned a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$115.07.

Several research analysts have recently weighed in on FNV shares. National Bank Financial reduced their price objective on Franco Nevada from C$107.50 to C$102.50 in a research report on Friday, January 26th. Canaccord Genuity upped their price objective on Franco Nevada from C$121.00 to C$125.00 in a research report on Friday, January 19th. CIBC upped their price objective on Franco Nevada from C$110.00 to C$120.00 in a research report on Tuesday, November 7th. TD Securities upped their price objective on Franco Nevada to C$123.50 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Finally, Eight Capital reaffirmed a “neutral” rating on shares of Franco Nevada in a research report on Thursday, November 16th.

Franco Nevada (FNV) traded up C$1.41 during mid-day trading on Friday, hitting C$88.57. The stock had a trading volume of 394,545 shares, compared to its average volume of 480,714. The firm has a market capitalization of $16,360.00, a PE ratio of 86.30 and a beta of -0.53. Franco Nevada has a 52 week low of C$81.01 and a 52 week high of C$110.18.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a dividend of $0.283 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.13 annualized dividend and a yield of 1.28%. Franco Nevada’s dividend payout ratio (DPR) is presently 89.11%.

In other Franco Nevada news, insider Lloyd Hyunsoo Hong sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of C$96.81, for a total value of C$387,240.00. Also, Director Pierre Lassonde sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of C$97.96, for a total value of C$1,959,200.00. Insiders have sold 29,000 shares of company stock valued at $2,843,090 over the last three months.

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About Franco Nevada

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.

Analyst Recommendations for Franco Nevada (TSE:FNV)

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