Franco-Nevada (TSE:FNV) Given New C$177.00 Price Target at Canaccord Genuity Group

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target upped by Canaccord Genuity Group from C$168.00 to C$177.00 in a research report report published on Tuesday, BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets decreased their price target on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Wednesday, March 6th. National Bankshares decreased 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 note on Thursday, March 7th. Bank of America boosted their price target on shares of Franco-Nevada from C$186.00 to C$190.00 in a research note on Tuesday, April 9th. Eight Capital boosted their price target on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the stock a buy rating in a research note on Monday. Finally, Scotiabank decreased their price target on shares of Franco-Nevada from C$141.00 to C$139.00 and set a sector perform rating on the stock in a research note on Thursday, March 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of C$187.50.

Franco-Nevada Stock Up 0.7 %

FNV opened at C$163.08 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 41.21. Franco-Nevada has a fifty-two week low of C$139.19 and a fifty-two week high of C$217.70. The firm’s fifty day moving average is C$155.54 and its 200 day moving average is C$157.03. The stock has a market cap of C$31.34 billion, a price-to-earnings ratio of -48.97, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released 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. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. The company had revenue of C$412.95 million for the quarter. On average, sell-side analysts forecast that Franco-Nevada will post 4.2780116 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.477 dividend. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 1.17%. Franco-Nevada’s dividend payout ratio (DPR) is presently -58.86%.

Insider Activity at Franco-Nevada

In related news, Director Paul Brink sold 3,445 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85. In related news, Director Paul Brink sold 3,445 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85. Also, Senior Officer Eaun Harrison Gray sold 330 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$156.69, for a total transaction of C$51,707.70. In the last quarter, insiders sold 16,839 shares of company stock valued at $2,686,396. Insiders own 0.69% of the company’s stock.

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.