Franco-Nevada Co. (NYSE:FNV) Receives Consensus Rating of “Moderate Buy” from Analysts

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $152.75.

A number of equities research analysts recently commented on FNV shares. TD Cowen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Bank of America raised their target price on Franco-Nevada from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. StockNews.com upgraded shares of Franco-Nevada from a “sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Jefferies Financial Group raised their price objective on shares of Franco-Nevada from $129.00 to $133.00 and gave the company a “hold” rating in a research report on Friday, July 12th. Finally, TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th.

Franco-Nevada Stock Performance

Shares of NYSE FNV opened at $126.22 on Friday. The business has a fifty day moving average of $123.53 and a two-hundred day moving average of $121.28. Franco-Nevada has a 52-week low of $102.29 and a 52-week high of $145.74. The stock has a market cap of $24.29 billion, a PE ratio of -49.79, a PEG ratio of 20.59 and a beta of 0.76.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The firm had revenue of $260.10 million during the quarter, compared to analyst estimates of $277.44 million. Franco-Nevada had a negative net margin of 51.64% and a positive return on equity of 10.56%. Franco-Nevada’s quarterly revenue was down 21.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 earnings per share. Analysts predict that Franco-Nevada will post 3.2 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, September 12th. Franco-Nevada’s dividend payout ratio is -57.83%.

Institutional Investors Weigh In On Franco-Nevada

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets raised its position in shares of Franco-Nevada by 2,053.0% during the 4th quarter. BNP Paribas Financial Markets now owns 94,947 shares of the basic materials company’s stock valued at $10,521,000 after acquiring an additional 90,537 shares during the last quarter. Beacon Pointe Advisors LLC increased its holdings in Franco-Nevada by 40.1% in the fourth quarter. Beacon Pointe Advisors LLC now owns 57,367 shares of the basic materials company’s stock valued at $6,357,000 after purchasing an additional 16,412 shares during the last quarter. Montrusco Bolton Investments Inc. increased its holdings in Franco-Nevada by 6.0% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 430,233 shares of the basic materials company’s stock valued at $47,888,000 after purchasing an additional 24,521 shares during the last quarter. Anthracite Investment Company Inc. acquired a new position in Franco-Nevada in the fourth quarter valued at about $1,662,000. Finally, Norges Bank bought a new position in Franco-Nevada during the fourth quarter worth about $221,351,000. 77.06% of the stock is owned by institutional investors.

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.