CIBC Raises Franco-Nevada (TSE:FNV) Price Target to C$265.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective upped by CIBC from C$250.00 to C$265.00 in a research report sent to investors on Wednesday, BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the stock. Bank of America boosted their price objective on shares of Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. Eight Capital increased their target price on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Canaccord Genuity Group increased their target price on shares of Franco-Nevada from C$168.00 to C$177.00 in a research report on Tuesday, April 23rd. 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. Finally, Veritas Investment Research upped their price target on shares of Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Franco-Nevada currently has an average rating of Moderate Buy and an average target price of C$190.18.

Franco-Nevada Stock Up 1.3 %

Shares of FNV opened at C$176.02 on Wednesday. The stock has a market cap of C$33.85 billion, a price-to-earnings ratio of -50.87, a P/E/G ratio of 5.00 and a beta of 0.62. The company has a quick ratio of 23.26, a current ratio of 29.40 and a debt-to-equity ratio of 1.63. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$198.00. The company has a 50-day moving average price of C$167.24 and a two-hundred day moving average price of C$157.85.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings results on Wednesday, May 1st. The company reported C$1.02 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.08. Franco-Nevada had a negative net margin of 39.96% and a negative return on equity of 7.75%. The business had revenue of C$346.20 million during the quarter. Equities analysts predict that Franco-Nevada will post 4.5495327 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were issued a $0.487 dividend. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.48. The ex-dividend date was Wednesday, June 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.11%. Franco-Nevada’s dividend payout ratio (DPR) is presently -57.23%.

Insider Buying and Selling

In other Franco-Nevada news, Senior Officer Adrian Wong sold 530 shares of Franco-Nevada stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$162.20, for a total transaction of C$85,966.00. In related news, Senior Officer Adrian Wong sold 530 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$162.20, for a total value of C$85,966.00. Also, Director Paul Brink sold 13,076 shares of Franco-Nevada stock in a transaction on Thursday, May 30th. The stock was sold at an average price of C$170.21, for a total transaction of C$2,225,654.19. Over the last quarter, insiders have sold 33,606 shares of company stock valued at $5,747,182. 0.69% of the stock is owned by insiders.

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.