Franco-Nevada (TSE:FNV) Stock Passes Above Two Hundred Day Moving Average of $193.52

Franco-Nevada Co. (TSE:FNV – Get Rating) (NYSE:FNV) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$193.52 and traded as high as C$205.49. Franco-Nevada shares last traded at C$203.62, with a volume of 390,397 shares traded.

Analyst Upgrades and Downgrades

FNV has been the topic of several recent research reports. Canaccord Genuity Group increased their price target on shares of Franco-Nevada from C$202.00 to C$214.00 in a research report on Tuesday, April 4th. Bank of America increased their price target on shares of Franco-Nevada from C$222.00 to C$226.00 in a research report on Wednesday, April 5th. Stifel Nicolaus increased their price target on shares of Franco-Nevada from C$204.00 to C$222.00 in a research report on Thursday, April 20th. National Bankshares raised their price objective on shares of Franco-Nevada from C$210.00 to C$215.00 and gave the company a “sector perform” rating in a research report on Thursday, May 4th. Finally, CIBC raised their price objective on shares of Franco-Nevada from C$240.00 to C$245.00 in a research report on Monday, April 17th.

Franco-Nevada Stock Down 1.5 %

The stock has a market capitalization of C$39.09 billion, a P/E ratio of 43.05, a P/E/G ratio of 5.00 and a beta of 0.61. The company’s 50-day moving average price is C$205.07 and its 200 day moving average price is C$193.52. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 28.75.

Franco-Nevada (TSE:FNV – Get Rating) (NYSE:FNV) last announced its quarterly earnings results on Wednesday, March 15th. The company reported C$1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.14 by C$0.03. The company had revenue of C$435.01 million for the quarter. Franco-Nevada had a net margin of 53.96% and a return on equity of 10.60%. As a group, equities analysts expect that Franco-Nevada Co. will post 4.8601645 earnings per share for the current year.

Franco-Nevada Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Thursday, June 15th will be issued a $0.461 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.84 dividend on an annualized basis and a yield of 0.91%. Franco-Nevada’s dividend payout ratio is currently 38.90%.

Franco-Nevada Company Profile

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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.