Franco Nevada Corp (NYSE:FNV) (TSE:FNV) announced a quarterly dividend on Monday, November 11th, Zacks reports. Stockholders of record on Thursday, December 5th will be given a dividend of 0.25 per share by the basic materials company on Thursday, December 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Wednesday, December 4th.
FNV opened at $98.32 on Monday. Franco Nevada has a 52-week low of $67.43 and a 52-week high of $101.19. The company has a debt-to-equity ratio of 0.05, a quick ratio of 6.37 and a current ratio of 6.37. The company has a market cap of $18.54 billion, a PE ratio of 84.03, a price-to-earnings-growth ratio of 14.41 and a beta of -0.02. The stock has a 50-day moving average of $95.86 and a 200-day moving average of $89.48.
Franco Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.45 by $0.09. The firm had revenue of $235.70 million during the quarter, compared to analysts’ expectations of $223.73 million. Franco Nevada had a return on equity of 5.78% and a net margin of 27.17%. The company’s revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 EPS. On average, research analysts predict that Franco Nevada will post 1.71 earnings per share for the current year.
A number of equities analysts have recently issued reports on FNV shares. Credit Suisse Group increased their target price on Franco Nevada from $84.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. CIBC reissued a “buy” rating and issued a $143.00 target price on shares of Franco Nevada in a report on Thursday, October 17th. Deutsche Bank increased their target price on Franco Nevada from $81.00 to $88.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. TD Securities increased their price target on Franco Nevada from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Canaccord Genuity restated a “buy” rating on shares of Franco Nevada in a research report on Friday, August 23rd. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $104.32.
About Franco Nevada
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.
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