Franco-Nevada (TSE:FNV) Price Target Raised to C$196.00 at Stifel Nicolaus

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target lifted by Stifel Nicolaus from C$182.00 to C$196.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently commented on the stock. Veritas Investment Research increased their price objective on shares of Franco-Nevada from C$149.00 to C$173.00 in a research note on Friday, April 12th. National Bankshares dropped their price objective on Franco-Nevada from C$172.50 to C$170.00 and set a sector perform rating on the stock in a research note on Thursday, March 7th. Raymond James cut their price objective on Franco-Nevada from C$146.00 to C$138.00 and set an outperform rating for the company in a report on Thursday, March 7th. Bank of America boosted their target price on shares of Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Finally, Scotiabank cut their price target on shares of Franco-Nevada from C$141.00 to C$139.00 and set a sector perform rating for the company in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Franco-Nevada has an average rating of Moderate Buy and an average target price of C$186.50.

Franco-Nevada Stock Down 3.0 %

Shares of Franco-Nevada stock opened at C$162.00 on Friday. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$217.70. The business has a fifty day simple moving average of C$155.17 and a 200 day simple moving average of C$157.16. The company has a quick ratio of 23.26, a current ratio of 41.21 and a debt-to-equity ratio of 1.63. The stock has a market cap of C$31.13 billion, a PE ratio of -48.65, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.07 by C$0.16. The company had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative return on equity of 7.65% and a negative net margin of 38.33%. Research analysts predict that Franco-Nevada will post 4.2780116 EPS for the current year.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.477 dividend. The ex-dividend date was Wednesday, March 13th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.47. This represents a $1.91 annualized dividend and a dividend yield of 1.18%. Franco-Nevada’s dividend payout ratio is currently -58.86%.

Insider Buying and Selling at Franco-Nevada

In related news, Senior Officer Sandip Rana sold 10,749 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. In other Franco-Nevada news, Director Paul Brink sold 2,315 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$157.33, for a total value of C$364,221.50. Also, Senior Officer Sandip Rana sold 10,749 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. Insiders have sold 16,839 shares of company stock valued at $2,686,396 in the last 90 days. 0.69% of the stock is currently owned by company insiders.

About Franco-Nevada

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.