Franco-Nevada Co. (FNV) To Go Ex-Dividend on December 5th

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Thursday, December 5th will be paid a dividend of 0.487 per share on Thursday, December 19th. This represents a $1.95 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, December 5th.

Franco-Nevada Trading Down 0.1 %

Shares of FNV opened at C$174.98 on Friday. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of C$33.67 billion, a P/E ratio of -41.82, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. The stock’s fifty day simple moving average is C$172.40 and its 200 day simple moving average is C$169.39. Franco-Nevada has a twelve month low of C$139.19 and a twelve month high of C$191.17.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its earnings results on Tuesday, August 13th. The company reported C$1.03 earnings per share for the quarter, missing the consensus estimate of C$1.07 by C($0.04). The firm had revenue of C$355.88 million during the quarter. Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. On average, equities research analysts forecast that Franco-Nevada will post 3.1114111 earnings per share for the current year.

Insider Activity

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland bought 805 shares of the stock in a transaction dated Monday, September 16th. The stock was bought at an average cost of C$168.95 per share, for a total transaction of C$136,001.53. Following the completion of the purchase, the director now directly owns 805 shares of the company’s stock, valued at approximately C$136,001.53. Insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. BMO Capital Markets increased their target price on Franco-Nevada from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. TD Securities raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Stifel Nicolaus raised their price objective on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. National Bankshares cut their price objective on Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. Finally, Canaccord Genuity Group raised their price objective on Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Franco-Nevada presently has an average rating of “Moderate Buy” and a consensus target price of C$192.80.

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.