Franco-Nevada (TSE:FNV) Price Target Raised to C$195.00 at National Bankshares

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target increased by National Bankshares from C$190.00 to C$195.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other equities analysts have also commented on the company. Bank of America boosted their price target on Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. Eight Capital upped their target price on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the company a buy rating in a research note on Monday, April 22nd. Canaccord Genuity Group boosted their price target on Franco-Nevada from C$168.00 to C$177.00 in a research note on Tuesday, April 23rd. Stifel Nicolaus lifted their price objective on Franco-Nevada from C$182.00 to C$196.00 and gave the stock a buy rating in a report on Friday, April 19th. Finally, Scotiabank cut their target price on Franco-Nevada from C$141.00 to C$139.00 and set a sector perform rating on the stock in a research report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of C$191.50.

Franco-Nevada Stock Up 1.9 %

Shares of TSE:FNV opened at C$168.57 on Friday. The stock has a market capitalization of C$32.42 billion, a P/E ratio of -49.00, a PEG ratio of 5.00 and a beta of 0.63. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.40. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$217.70. The stock has a 50-day simple moving average of C$158.87 and a 200-day simple moving average of C$155.88.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.16. The firm had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative net margin of 39.96% and a negative return on equity of 7.75%. Equities analysts forecast that Franco-Nevada will post 4.5510259 earnings per share for the current year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be issued a $0.487 dividend. The ex-dividend date is Thursday, June 13th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.48. This represents a $1.95 annualized dividend and a dividend yield of 1.16%. Franco-Nevada’s payout ratio is -57.56%.

Insiders Place Their Bets

In other news, Senior Officer Eaun Harrison Gray sold 330 shares of the 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. In other Franco-Nevada news, Director Paul Brink sold 2,315 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$157.33, for a total transaction of C$364,221.50. Also, Senior Officer Eaun Harrison Gray sold 330 shares of the firm’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. Insiders have sold 16,839 shares of company stock valued at $2,686,396 over the last quarter. 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.