Franco-Nevada’s (FNV) Outperform Rating Reaffirmed at CIBC

CIBC reaffirmed their outperform rating on shares of Franco-Nevada (TSE:FNV) (NYSE:FNV) in a research note issued to investors on Tuesday, Stock Target Advisor reports. The firm currently has a C$230.00 target price on the stock.

FNV has been the subject of a number of other reports. BMO Capital Markets raised shares of Franco-Nevada from a market perform rating to an outperform rating in a research note on Monday, March 8th. Canaccord Genuity decreased their price target on Franco-Nevada from C$205.00 to C$200.00 in a research note on Tuesday, February 9th. Raymond James dropped their price objective on Franco-Nevada to C$199.00 and set an outperform rating on the stock in a research note on Wednesday, April 7th. National Bank Financial decreased their target price on Franco-Nevada from C$210.00 to C$205.00 and set a sector perform rating for the company in a research note on Friday, March 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Franco-Nevada from C$198.00 to C$205.00 and gave the stock a neutral rating in a research report on Monday, March 15th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of C$187.36.

Shares of FNV stock opened at C$175.12 on Tuesday. Franco-Nevada has a 12-month low of C$133.63 and a 12-month high of C$222.15. The company has a debt-to-equity ratio of 1.63, a current ratio of 12.48 and a quick ratio of 11.80. The firm has a market capitalization of C$33.44 billion and a price-to-earnings ratio of 81.87. The business has a 50 day simple moving average of C$156.09 and a 200 day simple moving average of C$164.37.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings results on Wednesday, March 10th. The company reported C$1.11 EPS for the quarter, beating analysts’ consensus estimates of C$0.88 by C$0.23. The business had revenue of C$396.88 million for the quarter, compared to analyst estimates of C$334.90 million. On average, equities analysts anticipate that Franco-Nevada will post 3.5999995 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th were given a dividend of $0.332 per share. This represents a $1.33 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, March 10th. Franco-Nevada’s payout ratio is 36.00%.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Latin America, Canada, Australia, Europe, and Africa, and internationally. It operates through two segment, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids.

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Analyst Recommendations for Franco-Nevada (TSE:FNV)

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