Franco-Nevada (TSE:FNV) Shares Pass Above Two Hundred Day Moving Average of $191.89

Franco-Nevada Co. (TSE:FNV – Get Rating) (NYSE:FNV)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$191.89 and traded as high as C$214.58. Franco-Nevada shares last traded at C$212.49, with a volume of 172,213 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FNV shares. BMO Capital Markets decreased their price target on Franco-Nevada from C$236.00 to C$235.00 in a research note on Wednesday, May 3rd. Bank of America boosted their price target on Franco-Nevada from C$222.00 to C$226.00 in a report on Wednesday, April 5th. Stifel Nicolaus upped their price objective on Franco-Nevada from C$204.00 to C$222.00 in a report on Thursday, April 20th. Canaccord Genuity Group upped their price objective on Franco-Nevada from C$202.00 to C$214.00 in a report on Tuesday, April 4th. Finally, National Bank Financial increased their price target on Franco-Nevada from C$200.00 to C$210.00 in a report on Tuesday, April 18th.

Franco-Nevada Stock Up 0.1 %

The stock’s fifty day simple moving average is C$202.26 and its 200-day simple moving average is C$191.89. The stock has a market cap of C$40.79 billion, a P/E ratio of 44.92, a PEG ratio of 5.00 and a beta of 0.61. The company has a debt-to-equity ratio of 1.63, a current ratio of 27.55 and a quick ratio of 23.26.

Franco-Nevada (TSE:FNV – Get Rating) (NYSE:FNV) last announced its quarterly earnings results on Wednesday, March 15th. The company reported C$1.17 EPS for the quarter, beating the consensus estimate of C$1.14 by C$0.03. The firm had revenue of C$435.01 million during the quarter. On average, research analysts anticipate that Franco-Nevada Co. will post 5.0244418 earnings per share for the current year.

Franco-Nevada Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be paid a dividend of $0.461 per share. The ex-dividend date is Wednesday, June 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.87%. Franco-Nevada’s dividend payout ratio is presently 38.90%.

About Franco-Nevada

(Get Rating)

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.