Franco-Nevada Co. (NYSE:FNV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $155.50.

A number of brokerages recently weighed in on FNV. Raymond James raised their price objective on Franco-Nevada from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Scotiabank lifted their price target on shares of Franco-Nevada from $145.00 to $150.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 11th. UBS Group upped their price objective on shares of Franco-Nevada from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. StockNews.com upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Finally, HC Wainwright boosted their target price on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, March 26th.

Franco-Nevada Trading Up 1.3 %

Franco-Nevada stock opened at $157.50 on Tuesday. Franco-Nevada has a 1-year low of $112.70 and a 1-year high of $159.38. The firm’s fifty day simple moving average is $143.23 and its 200-day simple moving average is $130.83. The company has a market capitalization of $30.33 billion, a P/E ratio of -49.84, a P/E/G ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The company had revenue of $321.00 million for the quarter, compared to analyst estimates of $304.33 million. During the same period last year, the company earned $0.90 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that Franco-Nevada will post 3.09 earnings per share for the current year.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.38 per share. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, March 13th. Franco-Nevada’s dividend payout ratio is presently 53.15%.

Institutional Trading of Franco-Nevada

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Laurel Wealth Advisors LLC bought a new stake in shares of Franco-Nevada in the fourth quarter valued at about $47,000. Physician Wealth Advisors Inc. acquired a new position in Franco-Nevada in the 4th quarter valued at approximately $49,000. Point72 DIFC Ltd acquired a new position in Franco-Nevada in the 3rd quarter valued at approximately $52,000. Harbour Investments Inc. lifted its position in shares of Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 93 shares during the period. Finally, Erste Asset Management GmbH acquired a new stake in shares of Franco-Nevada during the 3rd quarter worth approximately $55,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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.