Raymond James Raises Franco-Nevada (TSE:FNV) Price Target to C$151.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price increased by Raymond James from C$150.00 to C$151.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms also recently issued reports on FNV. BMO Capital Markets lowered their price objective on shares of Franco-Nevada from C$207.00 to C$205.00 in a report on Thursday. Eight Capital lifted their price target on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the company a buy rating in a research note on Monday, April 22nd. Bank of America increased their price objective on shares of Franco-Nevada from C$186.00 to C$190.00 in a research note on Tuesday, April 9th. National Bankshares raised their price objective on Franco-Nevada from C$190.00 to C$195.00 and gave the company a sector perform rating in a report on Friday. Finally, Canaccord Genuity Group upped their target price on Franco-Nevada from C$168.00 to C$177.00 in a report on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of C$191.50.

Franco-Nevada Stock Performance

FNV opened at C$168.57 on Friday. The company has a market capitalization of C$32.42 billion, a price-to-earnings ratio of -49.00, a P/E/G ratio of 5.00 and a beta of 0.63. The business’s 50-day moving average price is C$158.87 and its two-hundred day moving average price is C$155.88. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$217.70. 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 posted its quarterly earnings data on Tuesday, March 5th. The company reported C$1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.16. The business had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative return on equity of 7.75% and a negative net margin of 39.96%. Equities analysts expect that Franco-Nevada will post 4.5510259 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be issued a dividend of $0.487 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.95 dividend on an annualized basis and a yield of 1.16%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.48. Franco-Nevada’s dividend payout ratio (DPR) is presently -57.56%.

Insiders Place Their Bets

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 stock was sold at an average price of C$158.93, for a total value of C$547,513.85. In related news, Senior Officer Eaun Harrison Gray sold 330 shares of Franco-Nevada stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$156.69, for a total transaction of C$51,707.70. Also, Director Paul Brink sold 3,445 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total transaction of C$547,513.85. Insiders have sold a total of 16,839 shares of company stock valued at $2,686,396 over the last 90 days. 0.69% of the stock is currently owned by 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.