BMO Capital Markets Cuts Franco-Nevada (TSE:FNV) Price Target to C$205.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective reduced by BMO Capital Markets from C$207.00 to C$205.00 in a research report released on Thursday morning, BayStreet.CA reports.

A number of other research analysts have also weighed in on FNV. Scotiabank decreased their price objective on Franco-Nevada from C$141.00 to C$139.00 and set a sector perform rating on the stock in a report on Thursday, March 7th. Canaccord Genuity Group boosted their price target on shares of Franco-Nevada from C$168.00 to C$177.00 in a research report on Tuesday, April 23rd. Raymond James decreased their target price on shares of Franco-Nevada from C$146.00 to C$138.00 and set an outperform rating on the stock in a research note on Thursday, March 7th. Veritas Investment Research upped their price target on Franco-Nevada from C$149.00 to C$173.00 in a research report on Friday, April 12th. Finally, Eight Capital lifted their price objective on Franco-Nevada from C$190.00 to C$200.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of C$191.50.

Franco-Nevada Trading Up 1.9 %

Franco-Nevada stock opened at C$168.57 on Thursday. The firm has a market cap of C$32.42 billion, a PE ratio of -49.00, a P/E/G ratio of 5.00 and a beta of 0.63. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$215.24. The stock’s 50 day simple moving average is C$158.87 and its two-hundred day simple moving average is C$156.39. The company has a current ratio of 29.40, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, beating 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%. Analysts anticipate that Franco-Nevada will post 4.5510259 earnings per share for the current year.

Franco-Nevada Increases Dividend

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

Insider Buying and Selling at Franco-Nevada

In other Franco-Nevada news, Senior Officer Eaun Harrison Gray sold 330 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total value of C$51,707.70. In other news, Director Paul Brink sold 2,315 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$157.33, for a total value of C$364,221.50. Also, Senior Officer Eaun Harrison Gray sold 330 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$156.69, for a total transaction of C$51,707.70. In the last three months, insiders have sold 16,839 shares of company stock valued at $2,686,396. Insiders own 0.69% of the company’s stock.

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.