National Bankshares Raises Franco-Nevada (TSE:FNV) Price Target to C$195.00

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

A number of other equities analysts have also recently issued reports on the company. Bank of America boosted their price objective on Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Stifel Nicolaus upped their price target on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the stock a buy rating in a report on Friday, April 19th. Eight Capital raised their price target on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Veritas Investment Research boosted their price objective on shares of Franco-Nevada from C$149.00 to C$173.00 in a research report on Friday, April 12th. Finally, 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of C$191.50.

Franco-Nevada Price Performance

FNV stock opened at C$168.57 on Friday. The stock has a market cap of C$32.42 billion, a PE ratio of -49.00, a P/E/G ratio of 5.00 and a beta of 0.63. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$217.70. The company has a 50-day moving average price of C$158.87 and a 200 day moving average price of C$155.88. The company has a current ratio of 29.40, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C$1.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 39.96% and a negative return on equity of 7.75%. Equities research analysts anticipate that Franco-Nevada will post 4.5510259 earnings per share for the current year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be paid a $0.487 dividend. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, June 13th. This represents a $1.95 dividend on an annualized basis and a yield of 1.16%. Franco-Nevada’s payout ratio is -57.56%.

Insider Buying and Selling at Franco-Nevada

In related news, Senior Officer Sandip Rana sold 10,749 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. In other Franco-Nevada news, Director Paul Brink sold 3,445 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total value of C$547,513.85. Also, Senior Officer Sandip Rana sold 10,749 shares of the company’s stock in a transaction dated 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. In the last 90 days, insiders have sold 16,839 shares of company stock valued at $2,686,396. 0.69% of the stock is currently owned by corporate insiders.

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.