Franco-Nevada (TSE:FNV) PT Lowered to C$201.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective decreased by BMO Capital Markets from C$205.00 to C$201.00 in a report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. Stifel Nicolaus lifted their target price on Franco-Nevada from C$182.00 to C$196.00 and gave the company a buy rating in a research report on Friday, April 19th. Scotiabank lowered their price target on Franco-Nevada from C$141.00 to C$139.00 and set a sector perform rating on the stock in a research report on Thursday, March 7th. Bank of America boosted their price target on Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. Eight Capital boosted their price target on 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. Finally, Veritas Investment Research boosted their price target on Franco-Nevada from C$149.00 to C$173.00 in a research report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of C$191.17.

Franco-Nevada Stock Performance

Shares of Franco-Nevada stock opened at C$166.72 on Tuesday. The firm has a market cap of C$32.06 billion, a price-to-earnings ratio of -48.89, a price-to-earnings-growth ratio of 5.00 and a beta of 0.62. The stock’s 50-day moving average is C$165.64 and its 200-day moving average is C$155.39. Franco-Nevada has a one year low of C$139.19 and a one year high of C$203.12. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.40 and a quick ratio of 23.26.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its earnings results on Wednesday, May 1st. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.08. The business had revenue of C$346.20 million for the quarter. Franco-Nevada had a negative return on equity of 7.75% and a negative net margin of 39.96%. Equities analysts predict that Franco-Nevada will post 4.4911334 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The business 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. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.48. This represents a $1.95 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Wednesday, June 12th. Franco-Nevada’s payout ratio is -58.06%.

Insider Activity at Franco-Nevada

In other Franco-Nevada news, Director Catharine Elizabeth Goddard Farrow sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of C$171.78, for a total transaction of C$3,435,562.00. Following the completion of the sale, the director now directly owns 301 shares in the company, valued at C$51,705.21. In other news, Director Catharine Elizabeth Goddard Farrow sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of C$171.78, for a total transaction of C$3,435,562.00. Following the completion of the transaction, the director now directly owns 301 shares in the company, valued at C$51,705.21. Also, Senior Officer Eaun Harrison Gray sold 330 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total transaction of C$51,707.70. Over the last ninety days, insiders sold 36,839 shares of company stock worth $6,121,958. Company insiders own 0.69% of the company’s stock.

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.