Franco-Nevada (TSE:FNV) Price Target Raised to C$196.00 at Stifel Nicolaus

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price hoisted by Stifel Nicolaus from C$182.00 to C$196.00 in a research report report published on Friday, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other research firms have also commented on FNV. Scotiabank dropped their price objective on shares of Franco-Nevada from C$141.00 to C$139.00 and set a sector perform rating for the company in a research note on Thursday, March 7th. National Bankshares dropped their price objective on shares of Franco-Nevada from C$172.50 to C$170.00 and set a sector perform rating for the company in a research note on Thursday, March 7th. Raymond James dropped their price objective on shares of Franco-Nevada from C$146.00 to C$138.00 and set an outperform rating for the company in a research note on Thursday, March 7th. Veritas Investment Research lifted their price objective on shares of Franco-Nevada from C$149.00 to C$173.00 in a research note on Friday, April 12th. Finally, Bank of America lifted their target price on Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Franco-Nevada currently has an average rating of Moderate Buy and an average price target of C$185.27.

Franco-Nevada Trading Down 0.3 %

FNV stock opened at C$167.00 on Friday. The firm has a fifty day moving average price of C$154.87 and a 200 day moving average price of C$157.56. Franco-Nevada has a fifty-two week low of C$139.19 and a fifty-two week high of C$217.70. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 41.21. The firm has a market cap of C$32.09 billion, a PE ratio of -50.15, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings data on Tuesday, March 5th. The company reported C$1.23 EPS for the quarter, topping the consensus estimate of C$1.07 by C$0.16. The company had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. Sell-side analysts anticipate that Franco-Nevada will post 4.2780116 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently disclosed 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. This represents a $1.91 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Wednesday, March 13th. Franco-Nevada’s payout ratio is presently -58.86%.

Insider Activity at Franco-Nevada

In related news, Senior Officer Sandip Rana sold 10,749 shares of Franco-Nevada stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total value of C$1,722,952.91. In other Franco-Nevada news, Senior Officer Sandip Rana sold 10,749 shares of Franco-Nevada stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total value of C$1,722,952.91. Also, Senior Officer Eaun Harrison Gray sold 330 shares of Franco-Nevada stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$156.69, for a total value of C$51,707.70. Insiders sold 16,839 shares of company stock worth $2,686,396 over the last three months. 0.69% of the stock is owned by corporate insiders.

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.