Franco-Nevada (TSE:FNV) Lowered to “Hold” at Stifel Nicolaus

Stifel Nicolaus downgraded shares of Franco-Nevada (TSE:FNV – Get Rating) (NYSE:FNV) from a buy rating to a hold rating in a research report released on Monday morning, BayStreet.CA reports. The firm currently has C$204.00 price objective on the stock, down from their previous price objective of C$206.00.

A number of other analysts have also weighed in on FNV. Eight Capital reduced their price objective on shares of Franco-Nevada from C$230.00 to C$225.00 in a research note on Wednesday, October 26th. BMO Capital Markets raised their price target on shares of Franco-Nevada from C$224.00 to C$247.00 in a research report on Tuesday, November 8th. National Bankshares upped their price objective on Franco-Nevada from C$190.00 to C$200.00 and gave the company a sector perform rating in a research report on Friday, January 13th. Barclays lowered their price target on Franco-Nevada to C$111.00 in a report on Monday, October 17th. Finally, Canaccord Genuity Group reduced their price objective on Franco-Nevada from C$202.00 to C$195.00 in a report on Thursday, October 20th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of C$196.22.

Franco-Nevada Stock Performance

Shares of FNV opened at C$194.97 on Monday. The company has a quick ratio of 23.26, a current ratio of 24.34 and a debt-to-equity ratio of 1.63. The stock has a market cap of C$37.37 billion and a P/E ratio of 36.24. The business’s 50 day moving average price is C$190.17 and its 200-day moving average price is C$174.07. Franco-Nevada has a 52 week low of C$151.08 and a 52 week high of C$216.32.

Franco-Nevada (TSE:FNV – Get Rating) (NYSE:FNV) last released its earnings results on Monday, November 7th. The company reported C$1.08 EPS for the quarter, missing the consensus estimate of C$1.12 by C($0.04). The business had revenue of C$396.93 million during the quarter. Equities research analysts anticipate that Franco-Nevada will post 5.0300002 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 16th will be paid a $0.462 dividend. This represents a $1.85 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, March 15th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.44. Franco-Nevada’s dividend payout ratio is 23.42%.

Insider Buying and Selling

In other Franco-Nevada news, Senior Officer Paul Brink sold 5,932 shares of the stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of C$193.66, for a total value of C$1,148,791.12. Following the transaction, the insider now directly owns 221,831 shares in the company, valued at C$42,959,791.46. In other Franco-Nevada news, Senior Officer Paul Brink sold 5,932 shares of the company’s stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of C$193.66, for a total value of C$1,148,791.12. Following the completion of the sale, the insider now owns 221,831 shares in the company, valued at C$42,959,791.46. Also, Director Thomas Albanese sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of C$190.75, for a total value of C$3,814,914.00. Following the completion of the transaction, the director now directly owns 17,500 shares in the company, valued at approximately C$3,338,049.75. Over the last quarter, insiders have sold 38,432 shares of company stock valued at $7,401,205.

About Franco-Nevada

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Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, the United States, Canada, and internationally. It operates in two segments, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids.