Jacques Perron Purchases 290 Shares of Franco-Nevada Co. (TSE:FNV) Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Director Jacques Perron acquired 290 shares of the stock in a transaction on Tuesday, May 7th. The shares were acquired at an average price of C$173.05 per share, with a total value of C$50,184.50. Following the purchase, the director now owns 983 shares in the company, valued at C$170,108.15.

Franco-Nevada Stock Up 0.4 %

Shares of FNV opened at C$174.26 on Friday. Franco-Nevada Co. has a 12 month low of C$139.19 and a 12 month high of C$215.24. The company has a current ratio of 29.40, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The company has a market capitalization of C$33.51 billion, a PE ratio of -50.66, a PEG ratio of 5.00 and a beta of 0.63. The stock’s 50-day moving average price is C$160.67 and its two-hundred day moving average price is C$155.77.

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 for the quarter, topping the consensus estimate of C$1.07 by C$0.16. The firm 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%. On average, analysts anticipate that Franco-Nevada Co. will post 4.5510259 EPS for the current 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 given a $0.487 dividend. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.48. The ex-dividend date is Wednesday, June 12th. This represents a $1.95 annualized dividend and a yield of 1.12%. Franco-Nevada’s dividend payout ratio (DPR) is presently -57.56%.

Wall Street Analyst Weigh In

FNV has been the subject of a number of research reports. 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 note on Friday, April 19th. Scotiabank decreased their target price on Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a research report on Thursday, March 7th. National Bankshares increased 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, May 3rd. BMO Capital Markets lowered their target price on shares of Franco-Nevada from C$207.00 to C$205.00 in a research note on Thursday, May 2nd. Finally, Canaccord Genuity Group boosted their target price on shares of Franco-Nevada from C$168.00 to C$177.00 in a research 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$191.50.

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.