Franco Nevada (TSE:FNV) (NYSE:FNV) had its price target reduced by Canaccord Genuity from C$126.00 to C$122.00 in a report issued on Thursday.

A number of other brokerages have also recently issued reports on FNV. Royal Bank of Canada boosted their target price on Franco Nevada from C$100.00 to C$116.00 and gave the stock an outperform rating in a report on Tuesday, November 14th. Eight Capital reiterated a neutral rating on shares of Franco Nevada in a report on Thursday, November 16th. TD Securities decreased their target price on Franco Nevada to C$124.00 and set a buy rating for the company in a report on Friday, December 1st. Desjardins reiterated a sell rating on shares of Franco Nevada in a report on Monday, December 11th. Finally, National Bank Financial decreased their target price on Franco Nevada from C$107.50 to C$102.50 in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of C$114.29.

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Shares of Franco Nevada (FNV) opened at C$87.25 on Thursday. The company has a market capitalization of $16,180.00, a PE ratio of 63.69 and a beta of -0.44. Franco Nevada has a fifty-two week low of C$81.71 and a fifty-two week high of C$110.18.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be issued a $0.283 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Wednesday, March 14th. Franco Nevada’s dividend payout ratio is presently 65.69%.

In other Franco Nevada news, Director Pierre Lassonde sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of C$97.96, for a total value of C$1,959,200.00. Also, 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. In the last 90 days, insiders sold 29,000 shares of company stock valued at $2,843,090.

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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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