Franco-Nevada (TSE:FNV) Price Target Raised to C$195.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target boosted by National Bankshares from C$190.00 to C$195.00 in a research report released on Friday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other analysts also recently commented on the company. Stifel Nicolaus raised their target price on Franco-Nevada from C$182.00 to C$196.00 and gave the company a buy rating in a research note on Friday, April 19th. Eight Capital raised their price objective on 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. Canaccord Genuity Group lifted their price target on shares of Franco-Nevada from C$168.00 to C$177.00 in a research report on Tuesday, April 23rd. Raymond James decreased their price target on shares of Franco-Nevada from C$146.00 to C$138.00 and set an outperform rating for the company in a research note on Thursday, March 7th. Finally, Bank of America raised their price objective on shares of Franco-Nevada from C$186.00 to C$190.00 in a research note on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of C$191.50.

Franco-Nevada Stock Performance

Shares of FNV opened at C$172.49 on Friday. The firm’s fifty day simple moving average is C$159.43 and its two-hundred day simple moving average is C$155.76. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$215.24. The company has a current ratio of 29.40, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of C$33.17 billion, a P/E ratio of -50.14, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.16. The business had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative return on equity of 7.75% and a negative net margin of 39.96%. As a group, analysts predict that Franco-Nevada will post 4.5510259 EPS for the current year.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be issued a dividend of $0.487 per share. The ex-dividend date of this dividend is Thursday, June 13th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.48. This represents a $1.95 annualized dividend and a yield of 1.13%. Franco-Nevada’s payout ratio is -57.56%.

Insiders Place Their Bets

In other Franco-Nevada news, Senior Officer Eaun Harrison Gray sold 330 shares of Franco-Nevada stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$156.69, for a total transaction of C$51,707.70. In related news, Director Paul Brink sold 2,315 shares of the firm’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 Eaun Harrison Gray sold 330 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$156.69, for a total transaction of C$51,707.70. In the last ninety days, insiders sold 16,839 shares of company stock valued at $2,686,396. Corporate insiders own 0.69% of the company’s stock.

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.