Analysts Set Franco-Nevada Co. (NYSE:FNV) PT at $147.30

Shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) have been assigned an average rating of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $147.40.

Several equities research analysts have commented on FNV shares. Jefferies Financial Group started coverage on Franco-Nevada in a research note on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective for the company. Scotiabank boosted their target price on Franco-Nevada from $139.00 to $140.00 and gave the stock a “sector perform” rating in a report on Thursday. Raymond James boosted their target price on Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Bank of America lowered their target price on Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Finally, TheStreet cut Franco-Nevada from a “c+” rating to a “d+” rating in a report on Tuesday, March 5th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FNV. VisionPoint Advisory Group LLC acquired a new position in Franco-Nevada during the third quarter worth $30,000. Castleview Partners LLC acquired a new position in Franco-Nevada during the third quarter worth $33,000. Creative Financial Designs Inc. ADV acquired a new position in Franco-Nevada during the fourth quarter worth $34,000. State of Wyoming acquired a new position in Franco-Nevada during the fourth quarter worth $38,000. Finally, Allworth Financial LP lifted its stake in Franco-Nevada by 5,750.0% during the fourth quarter. Allworth Financial LP now owns 351 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 345 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Trading Up 1.0 %

NYSE:FNV opened at $121.65 on Tuesday. Franco-Nevada has a 12 month low of $102.29 and a 12 month high of $161.25. The stock has a 50 day moving average of $113.86 and a two-hundred day moving average of $116.23. The firm has a market cap of $23.39 billion, a P/E ratio of -50.06, a price-to-earnings-growth ratio of 6.42 and a beta of 0.71.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings data on Tuesday, March 5th. The basic materials company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.80 by $0.10. Franco-Nevada had a positive return on equity of 10.61% and a negative net margin of 38.26%. The company had revenue of $303.30 million during the quarter. On average, research analysts forecast that Franco-Nevada will post 2.76 earnings per share for the current year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a yield of 1.18%. Franco-Nevada’s dividend payout ratio is currently -55.97%.

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.