Franco-Nevada (TSE:FNV – Free Report) (NYSE:FNV) had its price objective lifted by Eight Capital from C$190.00 to C$200.00 in a report released on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other equities analysts also recently commented on the stock. Bank of America upped their price objective on shares of Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. Stifel Nicolaus upped their price objective on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the stock a buy rating in a research report on Friday, April 19th. Veritas Investment Research upped their price objective on shares of Franco-Nevada from C$149.00 to C$173.00 in a research report on Friday, April 12th. National Bankshares cut their price objective on shares of 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. Finally, Scotiabank cut their price objective on shares of Franco-Nevada from C$141.00 to C$139.00 and set a sector perform rating for the company in a research report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of C$187.50.
View Our Latest Stock Analysis on FNV
Franco-Nevada Stock Up 1.9 %
Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) last issued its quarterly earnings data on Tuesday, March 5th. The company reported C$1.23 earnings per share 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 38.33% and a negative return on equity of 7.65%. On average, equities analysts predict that Franco-Nevada will post 4.2780116 EPS for the current fiscal year.
Franco-Nevada Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.477 per share. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.47. This represents a $1.91 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Wednesday, March 13th. Franco-Nevada’s dividend payout ratio (DPR) is currently -58.86%.
Insider Transactions at Franco-Nevada
In related news, Director Paul Brink sold 3,445 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85. In related news, Director Paul Brink sold 3,445 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85. Also, Senior Officer Eaun Harrison Gray sold 330 shares of the 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. Insiders have sold a total of 16,839 shares of company stock worth $2,686,396 in the last three months. Company insiders own 0.69% of the company’s stock.
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.
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