Franco Nev Corp (NYSE:FNV) was upgraded by equities research analysts at UBS AG to a “buy” rating in a research note issued to investors on Tuesday, Analyst Ratings Net reports.
Franco Nev Corp (NYSE:FNV) traded down 0.26% during mid-day trading on Tuesday, hitting $37.73. 820,777 shares of the company’s stock traded hands. Franco Nev Corp has a one year low of $31.54 and a one year high of $59.03. The stock has a 50-day moving average of $43.09 and a 200-day moving average of $41.9. The company has a market cap of $5.547 billion and a P/E ratio of 95.05.
Franco Nev Corp (NYSE:FNV) last released its earnings data on Tuesday, November 5th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.04. The company had revenue of $98.80 million for the quarter, compared to the consensus estimate of $93.80 million. Analysts expect that Franco Nev Corp will post $0.95 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Thursday, February 27th. Investors of record on Thursday, February 13th will be given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, February 11th.
Several other analysts have also recently commented on the stock. Analysts at Raymond James initiated coverage on shares of Franco Nev Corp in a research note to investors on Monday. They set a “market perform” rating and a $43.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Franco Nev Corp from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, November 25th. They now have a $48.60 price target on the stock. Finally, analysts at CIBC raised their price target on shares of Franco Nev Corp from $46.00 to $48.00 in a research note to investors on Friday, November 8th. They now have a “sector outperform” rating on the stock. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.95.
Franco-Nevada Corporation (NYSE:FNV), is a gold-focused royalty and stream company with additional interests in platinum group metals (PGMs), oil and gas and other resource assets.
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