Franco-Nevada Co. (NYSE:FNV) Receives $149.30 Average Price Target from Analysts

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) has been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $149.30.

Several research analysts recently weighed in on the stock. Scotiabank lifted their price objective on shares of Franco-Nevada from $140.00 to $141.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. Jefferies Financial Group lifted their price objective on shares of Franco-Nevada from $117.00 to $129.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Raymond James lifted their price objective on shares of Franco-Nevada from $138.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. HC Wainwright lifted their price objective on shares of Franco-Nevada from $175.00 to $185.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Bank of America raised their target price on shares of Franco-Nevada from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th.

Franco-Nevada Trading Up 2.8 %

Shares of NYSE FNV opened at $122.68 on Friday. The firm has a market capitalization of $23.60 billion, a PE ratio of -49.27, a price-to-earnings-growth ratio of 22.43 and a beta of 0.74. Franco-Nevada has a 1 year low of $102.29 and a 1 year high of $149.06. The firm’s 50-day moving average is $121.91 and its 200-day moving average is $115.62.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.08. Franco-Nevada had a negative net margin of 39.88% and a positive return on equity of 10.81%. The company had revenue of $256.80 million for the quarter, compared to analyst estimates of $250.50 million. During the same quarter last year, the firm earned $0.79 EPS. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, equities research analysts anticipate that Franco-Nevada will post 3.2 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.17%. Franco-Nevada’s dividend payout ratio (DPR) is currently -57.83%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FNV. Wahed Invest LLC raised its holdings in Franco-Nevada by 7.7% in the 3rd quarter. Wahed Invest LLC now owns 1,377 shares of the basic materials company’s stock valued at $185,000 after buying an additional 99 shares during the last quarter. Capital Asset Advisory Services LLC raised its holdings in Franco-Nevada by 0.4% in the 4th quarter. Capital Asset Advisory Services LLC now owns 29,408 shares of the basic materials company’s stock valued at $3,259,000 after buying an additional 109 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in Franco-Nevada by 0.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 29,408 shares of the basic materials company’s stock valued at $3,259,000 after buying an additional 109 shares during the last quarter. Hillsdale Investment Management Inc. raised its holdings in Franco-Nevada by 33.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 440 shares of the basic materials company’s stock valued at $52,000 after buying an additional 110 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its position in Franco-Nevada by 6.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 1,722 shares of the basic materials company’s stock valued at $205,000 after purchasing an additional 111 shares during the period. Institutional investors own 77.06% of the company’s stock.

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.