Franco-Nevada (NYSE:FNV) Trading 4.5% Higher

Franco-Nevada Co. (NYSE:FNV – Get Rating) (TSE:FNV)’s share price traded up 4.5% during mid-day trading on Friday . The company traded as high as $142.95 and last traded at $142.90. 514,430 shares changed hands during trading, a decline of 23% from the average session volume of 667,236 shares. The stock had previously closed at $136.77.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays upped their target price on shares of Franco-Nevada from $111.00 to $115.00 and gave the company an “underweight” rating in a research report on Monday, January 30th. Stifel Nicolaus downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating in a research report on Friday, January 20th. National Bank Financial upped their target price on shares of Franco-Nevada from C$190.00 to C$200.00 in a research report on Friday, January 13th. StockNews.com started coverage on shares of Franco-Nevada in a research report on Thursday. They issued a “hold” rating on the stock. Finally, HC Wainwright reiterated a “buy” rating and issued a $145.00 price target on shares of Franco-Nevada in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $166.43.

Franco-Nevada Trading Up 4.9 %

The business has a 50 day moving average of $138.46 and a 200-day moving average of $132.58. The firm has a market capitalization of $27.54 billion, a P/E ratio of 39.32, a PEG ratio of 9.78 and a beta of 0.69.

Franco-Nevada (NYSE:FNV – Get Rating) (TSE:FNV) last posted its earnings results on Wednesday, March 15th. The basic materials company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. The business had revenue of $320.40 million during the quarter, compared to analysts’ expectations of $307.88 million. Franco-Nevada had a return on equity of 11.20% and a net margin of 53.25%. Franco-Nevada’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 EPS. On average, analysts anticipate that Franco-Nevada Co. will post 3.45 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 16th will be paid a dividend of $0.34 per share. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Wednesday, March 15th. Franco-Nevada’s dividend payout ratio (DPR) is currently 37.26%.

Hedge Funds Weigh In On Franco-Nevada

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cumberland Partners Ltd bought a new position in shares of Franco-Nevada in the fourth quarter valued at $27,000. James Investment Research Inc. acquired a new stake in Franco-Nevada during the 4th quarter valued at $28,000. Guardian Wealth Advisors LLC acquired a new stake in Franco-Nevada during the 3rd quarter valued at $25,000. Mach 1 Financial Group LLC acquired a new stake in Franco-Nevada during the 3rd quarter valued at $25,000. Finally, Western Pacific Wealth Management LP acquired a new stake in Franco-Nevada during the 4th quarter valued at $35,000. 66.69% of the stock is owned by institutional investors.

Franco-Nevada Company Profile

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Franco-Nevada Corp. engages in the management of gold-focused royalties and streams portfolio. It provides investors with gold price and exploration optionality while limiting exposure to many of the risks of operating companies. The company was founded in 1983 and is headquartered in Toronto, Canada.