BMO Capital Markets Trims Franco-Nevada (TSE:FNV) Target Price to C$205.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price cut by BMO Capital Markets from C$207.00 to C$205.00 in a report issued on Thursday morning, BayStreet.CA reports.

Several other research firms have also issued reports on FNV. Eight Capital upped their price target on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Raymond James cut their target price 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. National Bankshares lowered their price target on Franco-Nevada from C$172.50 to C$170.00 and set a sector perform rating on the stock in a research report on Thursday, March 7th. Stifel Nicolaus upped their price objective 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. Finally, Canaccord Genuity Group lifted their target price on Franco-Nevada from C$168.00 to C$177.00 in a research note on Tuesday, April 23rd. Three equities 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, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$191.50.

Franco-Nevada Price Performance

TSE:FNV opened at C$168.57 on Thursday. Franco-Nevada has a 52-week low of C$139.19 and a 52-week high of C$217.70. The company has a market cap of C$32.42 billion, a P/E ratio of -49.00, a P/E/G 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. The stock’s 50-day simple moving average is C$158.87 and its 200 day simple moving average is C$155.88.

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

Franco-Nevada Increases Dividend

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

Insider Buying and Selling at Franco-Nevada

In other news, Director Paul Brink sold 3,445 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85. In other news, Director Paul Brink sold 3,445 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total transaction of C$547,513.85. Also, Senior Officer Sandip Rana sold 10,749 shares of Franco-Nevada stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. Insiders have sold a total of 16,839 shares of company stock valued at $2,686,396 in the last ninety days. 0.69% of the stock is currently owned by corporate insiders.

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.