Franco-Nevada Co. (TSE:FNV) Receives Average Recommendation of “Moderate Buy” from Brokerages

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$187.50.

Several brokerages recently issued reports on FNV. Canaccord Genuity Group upped their target price on shares of Franco-Nevada from C$168.00 to C$177.00 in a research report on Tuesday. National Bankshares cut their target price on shares of Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating for the company in a research report on Thursday, March 7th. Bank of America upped their target price on shares of Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. Veritas Investment Research upped their target price on shares of Franco-Nevada from C$149.00 to C$173.00 in a research report on Friday, April 12th. Finally, Scotiabank cut their target price 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 report on Thursday, March 7th.

Insiders Place Their Bets

In other news, Senior Officer Sandip Rana sold 10,749 shares of the company’s stock in a transaction dated 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. In other news, Director Paul Brink sold 2,315 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$157.33, for a total transaction of C$364,221.50. Also, Senior Officer Sandip Rana sold 10,749 shares of the company’s stock in a transaction dated 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 sold 16,839 shares of company stock valued at $2,686,396 over the last three months. Insiders own 0.69% of the company’s stock.

Franco-Nevada Stock Up 0.7 %

FNV opened at C$163.08 on Friday. The company has a fifty day moving average price of C$155.54 and a 200-day moving average price of C$157.03. The firm has a market capitalization of C$31.34 billion, a P/E ratio of -48.97, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63. The company has a debt-to-equity ratio of 1.63, a current ratio of 41.21 and a quick ratio of 23.26. Franco-Nevada has a one year low of C$139.19 and a one year high of C$217.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 EPS for the quarter, beating analysts’ consensus estimates of C$1.07 by C$0.16. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. The firm had revenue of C$412.95 million during the quarter. Equities research analysts expect that Franco-Nevada will post 4.2780116 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.477 dividend. The ex-dividend date was Wednesday, March 13th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.47. This represents a $1.91 annualized dividend and a yield of 1.17%. Franco-Nevada’s payout ratio is currently -58.86%.

Franco-Nevada Company Profile

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.