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

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$187.50.

FNV has been the topic of several recent research reports. Bank of America lifted their price objective on Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Canaccord Genuity Group raised their target price on Franco-Nevada from C$168.00 to C$177.00 in a research report on Tuesday. Raymond James cut their target price 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. Stifel Nicolaus raised their target price on Franco-Nevada from C$182.00 to C$196.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, National Bankshares cut their target price on 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.

Franco-Nevada Price Performance

Shares of TSE:FNV opened at C$163.08 on Friday. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$217.70. The firm has a market capitalization of C$31.34 billion, a PE ratio of -48.97, a PEG ratio of 5.00 and a beta of 0.63. The business’s 50 day moving average is C$155.54 and its 200-day moving average is C$157.03. The company has a current ratio of 41.21, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of C$412.95 million for the quarter. Sell-side analysts predict that Franco-Nevada will post 4.2780116 earnings per share for the current year.

Franco-Nevada Increases Dividend

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

Insider Buying and Selling at Franco-Nevada

In other news, Director Paul Brink sold 3,445 shares of Franco-Nevada stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total value of C$547,513.85. In related news, Senior Officer Sandip Rana sold 10,749 shares of the company’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 company’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. In the last quarter, insiders sold 16,839 shares of company stock worth $2,686,396. 0.69% of the stock is currently owned by 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.