Franco-Nevada Co. (TSE:FNV) Receives C$190.80 Consensus Target Price from Brokerages

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) has been assigned an average recommendation of “Buy” from the nine analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$190.80.

FNV has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. CIBC increased their price target on Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Canaccord Genuity Group decreased their price objective on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a report on Monday, November 18th. Finally, UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th.

Franco-Nevada Stock Up 0.3 %

TSE:FNV opened at C$186.69 on Friday. The company has a market cap of C$35.92 billion, a price-to-earnings ratio of -44.56, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. Franco-Nevada has a twelve month low of C$140.67 and a twelve month high of C$191.17. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The stock has a fifty day simple moving average of C$174.22 and a 200-day simple moving average of C$171.82.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$1.09 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.15 by C($0.06). Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. During the same quarter in the prior year, the business posted $1.22 EPS. Analysts anticipate that Franco-Nevada will post 3.1114111 EPS for the current year.

Franco-Nevada Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.487 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.95 annualized dividend and a yield of 1.04%. Franco-Nevada’s dividend payout ratio (DPR) is -46.30%.

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.