Analysts Set Franco-Nevada Co. (TSE:FNV) Price Target at C$192.18

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$192.18.

A number of analysts have recently commented on the company. BMO Capital Markets lifted their price target on Franco-Nevada from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. CIBC lifted their target price on shares of Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. National Bankshares decreased their price target on shares of Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Finally, Canaccord Genuity Group raised their target price on Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd.

Franco-Nevada Trading Up 1.5 %

Shares of TSE:FNV opened at C$173.65 on Monday. The business’s 50 day simple moving average is C$169.06 and its 200 day simple moving average is C$165.54. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$194.61. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. The company has a market capitalization of C$33.42 billion, a P/E ratio of -42.15, a P/E/G ratio of 5.00 and a beta of 0.68.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its earnings results on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing the consensus estimate of C$1.07 by C($0.04). Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. The firm had revenue of C$355.88 million during the quarter. On average, research analysts anticipate that Franco-Nevada will post 5.2797203 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be paid a dividend of $0.497 per share. This represents a $1.99 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Thursday, September 12th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.49. Franco-Nevada’s dividend payout ratio (DPR) is currently -47.57%.

Insider Buying and Selling at Franco-Nevada

In related news, Senior Officer Adrian Wong sold 530 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$162.20, for a total transaction of C$85,966.00. In related news, Senior Officer Adrian Wong sold 530 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$162.20, for a total transaction of C$85,966.00. Also, Director Nicholas Hugo Housby Dryland bought 805 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were bought at an average cost of C$168.95 per share, for a total transaction of C$136,001.53. Following the completion of the purchase, the director now owns 805 shares of the company’s stock, valued at C$136,001.53. 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.