Franco-Nevada Co. (TSE:FNV – Get Free Report) (NYSE:FNV) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$184.00.
A number of analysts recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Wednesday, March 6th. Veritas Investment Research upped their target price on shares of Franco-Nevada from C$149.00 to C$173.00 in a research note on Friday, April 12th. Stifel Nicolaus reduced their price target on shares of Franco-Nevada from C$186.00 to C$182.00 in a research report on Friday, January 26th. Bank of America boosted their price target on shares of Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. Finally, National Bankshares reduced their price target on shares of Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 7th.
Check Out Our Latest Analysis on FNV
Franco-Nevada Stock Performance
Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) last posted its earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.07 by C$0.16. The business had revenue of C$412.95 million for the quarter. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. Equities research analysts anticipate that Franco-Nevada will post 4.2780116 earnings per share for the current year.
Franco-Nevada Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 1.14%. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.47. The ex-dividend date was Wednesday, March 13th. Franco-Nevada’s dividend payout ratio is presently -58.86%.
Insider Transactions at Franco-Nevada
In other news, Senior Officer Eaun Harrison Gray sold 330 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$156.69, for a total transaction of C$51,707.70. In related news, Senior Officer Sandip Rana sold 10,749 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. Also, Senior Officer Eaun Harrison Gray sold 330 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total transaction of C$51,707.70. Over the last three months, insiders have sold 16,839 shares of company stock worth $2,686,396. Corporate insiders own 0.69% 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.
Read More
- Five stocks we like better than Franco-Nevada
- What is a Secondary Public Offering? What Investors Need to Know
- Comprehensive PepsiCo Stock Analysis
- What Does a Stock Split Mean?
- CSX Co.: The Railroad Powering Ahead with an Earnings Beat
- How to Find Undervalued Stocks
- Bear Market Funds to Watch This Year
Receive News & Ratings for Franco-Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada and related companies with MarketBeat.com's FREE daily email newsletter.