Franco-Nevada (TSE:FNV) PT Raised to C$177.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective increased by Canaccord Genuity Group from C$168.00 to C$177.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

Other equities analysts have also issued research reports about the company. Eight Capital increased their price target on Franco-Nevada from C$190.00 to C$200.00 and gave the company a buy rating in a research report on Monday, April 22nd. Veritas Investment Research increased their price target on Franco-Nevada from C$149.00 to C$173.00 in a research report on Friday, April 12th. Stifel Nicolaus increased their price target on Franco-Nevada from C$182.00 to C$196.00 and gave the company a buy rating in a research report on Friday, April 19th. Raymond James decreased their price target on Franco-Nevada from C$146.00 to C$138.00 and set an outperform rating for the company in a research report on Thursday, March 7th. Finally, BMO Capital Markets decreased their price objective on Franco-Nevada from C$200.00 to C$195.00 in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of C$187.50.

Franco-Nevada Trading Up 1.1 %

Shares of FNV stock opened at C$167.97 on Tuesday. The company has a quick ratio of 23.26, a current ratio of 41.21 and a debt-to-equity ratio of 1.63. Franco-Nevada has a fifty-two week low of C$139.19 and a fifty-two week high of C$217.70. The stock has a market capitalization of C$32.28 billion, a P/E ratio of -50.44, a P/E/G ratio of 5.00 and a beta of 0.63. The stock has a 50-day simple moving average of C$156.69 and a 200 day simple moving average of C$157.05.

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

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.477 per share. 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 dividend on an annualized basis and a dividend yield of 1.14%. Franco-Nevada’s dividend payout ratio (DPR) is -58.86%.

Insider Transactions at Franco-Nevada

In other news, Senior Officer Sandip Rana sold 10,749 shares of the firm’s 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 news, Senior Officer Sandip Rana sold 10,749 shares of the firm’s 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. Also, Director Paul Brink sold 3,445 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total value of C$547,513.85. Insiders sold 16,839 shares of company stock valued at $2,686,396 in the last three months. Corporate insiders own 0.69% of the company’s stock.

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.