Franco-Nevada Co. (TSE:FNV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$184.00.

A number of analysts recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Wednesday, March 6th. Veritas Investment Research upped their target price on shares of Franco-Nevada from C$149.00 to C$173.00 in a research note on Friday, April 12th. Stifel Nicolaus reduced their price target on shares of Franco-Nevada from C$186.00 to C$182.00 in a research report on Friday, January 26th. Bank of America boosted their price target on shares of Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. Finally, National Bankshares reduced their price target on shares of Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 7th.

Franco-Nevada Stock Performance

TSE:FNV opened at C$167.53 on Friday. The firm’s 50-day moving average is C$154.46 and its 200-day moving average is C$157.64. Franco-Nevada has a 52-week low of C$139.19 and a 52-week high of C$217.70. 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 company has a market cap of C$32.20 billion, a price-to-earnings ratio of -50.31, a PEG ratio of 5.00 and a beta of 0.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.07 by C$0.16. The business had revenue of C$412.95 million for the quarter. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. Equities research analysts anticipate that Franco-Nevada will post 4.2780116 earnings per share for the current year.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 1.14%. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.47. The ex-dividend date was Wednesday, March 13th. Franco-Nevada’s dividend payout ratio is presently -58.86%.

Insider Transactions at Franco-Nevada

In other news, Senior Officer Eaun Harrison Gray sold 330 shares of the company’s 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, Senior Officer Sandip Rana sold 10,749 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. Also, Senior Officer Eaun Harrison Gray sold 330 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$156.69, for a total transaction of C$51,707.70. Over the last three months, insiders have sold 16,839 shares of company stock worth $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.