Brokerages Set Franco-Nevada Co. (TSE:FNV) Target Price at C$189.80

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$190.80.

FNV has been the topic of a number of recent analyst reports. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Canaccord Genuity Group cut their price objective on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a research report on Monday, November 18th. CIBC lifted their price target on Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday. UBS Group upgraded Franco-Nevada to a “strong-buy” rating in a research report on Monday, November 18th. Finally, Stifel Nicolaus lifted their price target on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st.

Insider Activity at Franco-Nevada

In related news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were acquired at an average cost of C$168.95 per share, for a total transaction of C$136,001.53. Following the completion of the transaction, the director now directly owns 805 shares in the company, valued at approximately C$136,001.53. This trade represents a ∞ increase in their position. 0.69% of the stock is owned by corporate insiders.

Franco-Nevada Price Performance

Shares of FNV stock opened at C$170.53 on Friday. The firm has a market cap of C$32.82 billion, a P/E ratio of -40.70, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a fifty-two week low of C$139.19 and a fifty-two week high of C$191.17. The business’s 50 day moving average price is C$173.45 and its 200-day moving average price is C$169.78. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11.

Franco-Nevada Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.487 per share. This represents a $1.95 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, December 5th. Franco-Nevada’s payout ratio is presently -46.30%.

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.