Franco-Nevada Co. (TSE:FNV) Senior Officer Sells C$51,707.70 in Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Senior Officer Eaun Harrison Gray sold 330 shares of Franco-Nevada 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.

Franco-Nevada Stock Up 3.0 %

Shares of TSE FNV opened at C$159.13 on Thursday. The business has a fifty day moving average of C$148.37 and a two-hundred day moving average of C$160.20. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 41.21. Franco-Nevada Co. has a 52-week low of C$139.19 and a 52-week high of C$217.70. The stock has a market cap of C$30.58 billion, a PE ratio of -48.08, a PEG ratio of 5.00 and a beta of 0.59.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings data on Tuesday, March 5th. The company reported C$1.23 earnings per share 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 firm had revenue of C$412.95 million during the quarter. As a group, equities research analysts expect that Franco-Nevada Co. will post 4.038591 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be given a dividend of $0.477 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 1.20%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.47. Franco-Nevada’s payout ratio is presently -58.91%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. BMO Capital Markets decreased their price target on shares of Franco-Nevada from C$200.00 to C$195.00 in a research report on Wednesday, March 6th. Canaccord Genuity Group reduced their target price on Franco-Nevada from C$170.00 to C$165.00 in a report on Wednesday, December 6th. Scotiabank cut their target price on shares of Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 7th. Raymond James reduced 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 report on Thursday, March 7th. Finally, National Bankshares reduced their price objective on Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating for the company in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$189.46.

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.