Franco-Nevada Co. (FNV) to Issue Quarterly Dividend of $0.49 on June 27th

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Thursday, June 13th will be paid a dividend of 0.487 per share on Thursday, June 27th. This represents a $1.95 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Thursday, June 13th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.48.

Franco-Nevada Stock Performance

TSE:FNV traded up C$2.35 during trading hours on Friday, reaching C$167.75. The stock had a trading volume of 154,701 shares, compared to its average volume of 370,091. The stock has a market cap of C$32.24 billion, a P/E ratio of -50.33, 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 quick ratio of 23.26 and a current ratio of 41.21. The stock has a 50 day simple moving average of C$158.40 and a 200 day simple moving average of C$156.53. Franco-Nevada has a 12-month low of C$139.19 and a 12-month high of C$217.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of C$412.95 million during the quarter. On average, research analysts forecast that Franco-Nevada will post 4.2780116 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FNV. Eight Capital upped their target price on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Bank of America lifted their target price on Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. Scotiabank lowered their target price on Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a report on Thursday, March 7th. Stifel Nicolaus upped their price objective on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Raymond James boosted their price target on Franco-Nevada from C$150.00 to C$151.00 and gave the company an “outperform” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$191.50.

Insider Transactions at Franco-Nevada

In related news, Director Paul Brink sold 2,315 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$157.33, for a total value of C$364,221.50. In other Franco-Nevada news, Senior Officer Sandip Rana sold 10,749 shares of the firm’s stock in a transaction that occurred on 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 2,315 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$157.33, for a total value of C$364,221.50. Insiders sold a total of 16,839 shares of company stock worth $2,686,396 over the last ninety days. Company 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.