Franco-Nevada (TSE:FNV) Price Target Raised to C$151.00 at Raymond James

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price lifted by Raymond James from C$150.00 to C$151.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research firms also recently weighed in on FNV. Eight Capital increased 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 report on Monday, April 22nd. Veritas Investment Research upped their target price on Franco-Nevada from C$149.00 to C$173.00 in a research report on Friday, April 12th. Stifel Nicolaus lifted their price target on Franco-Nevada from C$182.00 to C$196.00 and gave the company a buy rating in a research note on Friday, April 19th. Canaccord Genuity Group raised their price target on shares of Franco-Nevada from C$168.00 to C$177.00 in a research report on Tuesday, April 23rd. Finally, National Bankshares upped their price objective on Franco-Nevada from C$190.00 to C$195.00 and gave the company a sector perform rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of C$191.50.

Franco-Nevada Stock Up 1.9 %

TSE FNV opened at C$168.57 on Friday. The business has a fifty day moving average price of C$158.40 and a two-hundred day moving average price of C$156.53. The stock has a market capitalization of C$32.40 billion, a PE ratio of -50.62, a PEG ratio of 5.00 and a beta of 0.63. The company has a debt-to-equity ratio of 1.63, a current ratio of 41.21 and a quick ratio of 23.26. Franco-Nevada has a fifty-two week low of C$139.19 and a fifty-two week high of C$217.70.

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

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be paid a dividend of $0.487 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.16%. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, June 13th. Franco-Nevada’s payout ratio is presently -58.86%.

Insider Buying and Selling

In other news, Senior Officer Eaun Harrison Gray sold 330 shares of the business’s stock in a transaction 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. In related news, Senior Officer Eaun Harrison Gray sold 330 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$156.69, for a total value of C$51,707.70. Also, Director Paul Brink sold 2,315 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$157.33, for a total value of C$364,221.50. In the last quarter, insiders have sold 16,839 shares of company stock valued at $2,686,396. Corporate insiders own 0.69% of the company’s stock.

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.