Nicholas Hugo Housby Dryland Buys 805 Shares of Franco-Nevada Co. (TSE:FNV) Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Director Nicholas Hugo Housby Dryland purchased 805 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was bought at an average cost of C$168.95 per share, for a total transaction of C$136,001.53. Following the completion of the acquisition, the director now directly owns 805 shares of the company’s stock, valued at C$136,001.53.

Franco-Nevada Price Performance

Shares of FNV opened at C$171.12 on Friday. Franco-Nevada Co. has a 12 month low of C$139.19 and a 12 month high of C$195.35. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. The stock has a fifty day moving average price of C$169.01 and a 200 day moving average price of C$165.32. The company has a market cap of C$32.93 billion, a P/E ratio of -41.64, a PEG ratio of 5.00 and a beta of 0.68.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing the consensus estimate of C$1.07 by C($0.04). The firm had revenue of C$355.88 million for the quarter. Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. On average, research analysts forecast that Franco-Nevada Co. will post 5.2932599 earnings per share for the current year.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be paid a $0.497 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.99 annualized dividend and a dividend yield of 1.16%. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.49. Franco-Nevada’s dividend payout ratio (DPR) is presently -48.18%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FNV shares. National Bankshares cut their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. BMO Capital Markets lifted their target price on Franco-Nevada from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. CIBC upped their price target on Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. Finally, Canaccord Genuity Group lifted their price objective on shares of Franco-Nevada from C$177.00 to C$190.00 in a report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$192.18.

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.