Franco-Nevada Corporation (NYSE:FNV) Given Average Rating of “Moderate Buy” by Brokerages

by · The Markets Daily

Franco-Nevada Corporation (NYSE:FNV – Get Free Report) (TSE:FNV) has received an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $232.75.

Several equities analysts have issued reports on FNV shares. Scotiabank upped their price objective on shares of Franco-Nevada from $184.00 to $225.00 and gave the company a “sector perform” rating in a research note on Thursday, October 23rd. Jefferies Financial Group reissued a “hold” rating and issued a $228.00 target price on shares of Franco-Nevada in a report on Sunday. Weiss Ratings restated a “buy (b-)” rating on shares of Franco-Nevada in a research note on Monday. HC Wainwright lifted their price target on Franco-Nevada from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, UBS Group increased their price objective on Franco-Nevada from $260.00 to $270.00 and gave the company a “buy” rating in a report on Monday, December 1st.

Check Out Our Latest Stock Report on FNV

Franco-Nevada Stock Up 3.1%

Shares of FNV opened at $214.30 on Friday. The company has a market capitalization of $41.31 billion, a price-to-earnings ratio of 44.93, a price-to-earnings-growth ratio of 1.61 and a beta of 0.46. Franco-Nevada has a 52-week low of $114.81 and a 52-week high of $225.63. The stock has a 50 day moving average price of $199.86 and a 200 day moving average price of $185.42.

Franco-Nevada (NYSE:FNV – Get Free Report) (TSE:FNV) last issued its quarterly earnings data on Monday, November 3rd. The basic materials company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.06. Franco-Nevada had a net margin of 59.48% and a return on equity of 13.94%. The business had revenue of $487.70 million during the quarter, compared to the consensus estimate of $448.51 million. During the same quarter in the previous year, the firm earned $0.80 EPS. The company’s revenue was up 76.9% compared to the same quarter last year. On average, equities analysts anticipate that Franco-Nevada will post 3.09 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, December 4th. Franco-Nevada’s dividend payout ratio (DPR) is presently 31.87%.

Institutional Investors Weigh In On Franco-Nevada

Several hedge funds have recently made changes to their positions in FNV. FORA Capital LLC raised its holdings in shares of Franco-Nevada by 169.8% in the first quarter. FORA Capital LLC now owns 5,342 shares of the basic materials company’s stock worth $842,000 after acquiring an additional 3,362 shares during the last quarter. Jump Financial LLC purchased a new stake in Franco-Nevada during the 1st quarter worth about $274,000. Northern Trust Corp lifted its holdings in Franco-Nevada by 12.8% in the 1st quarter. Northern Trust Corp now owns 172,675 shares of the basic materials company’s stock valued at $27,207,000 after purchasing an additional 19,580 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Franco-Nevada by 8.4% during the first quarter. Raymond James Financial Inc. now owns 113,164 shares of the basic materials company’s stock worth $17,830,000 after buying an additional 8,732 shares in the last quarter. Finally, Compound Planning Inc. acquired a new position in shares of Franco-Nevada in the first quarter valued at approximately $225,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Company Profile

(Get Free Report)

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.

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