Brokerages Set Franco-Nevada Co. (NYSE:FNV) Price Target at $147.30

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $148.60.

A number of analysts recently weighed in on the stock. Scotiabank increased their price objective on shares of Franco-Nevada from $139.00 to $140.00 and gave the stock a “sector perform” rating in a report on Thursday, April 18th. Raymond James increased their price objective on shares of Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Bank of America lowered their target price on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Jefferies Financial Group raised their target price on shares of Franco-Nevada from $117.00 to $129.00 and gave the company a “hold” rating in a research note on Monday. Finally, TheStreet cut shares of Franco-Nevada from a “c+” rating to a “d+” rating in a research note on Tuesday, March 5th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FNV. VisionPoint Advisory Group LLC acquired a new position in shares of Franco-Nevada in the third quarter worth about $30,000. Castleview Partners LLC acquired a new position in shares of Franco-Nevada in the third quarter worth about $33,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Franco-Nevada in the fourth quarter worth about $34,000. Allworth Financial LP boosted its holdings in shares of Franco-Nevada by 5,750.0% in the fourth quarter. Allworth Financial LP now owns 351 shares of the basic materials company’s stock worth $39,000 after buying an additional 345 shares during the period. Finally, Fortis Group Advisors LLC boosted its holdings in shares of Franco-Nevada by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 352 shares of the basic materials company’s stock worth $39,000 after buying an additional 176 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Stock Down 2.7 %

FNV stock opened at $118.17 on Tuesday. Franco-Nevada has a fifty-two week low of $102.29 and a fifty-two week high of $161.25. The firm’s 50-day simple moving average is $114.30 and its 200 day simple moving average is $115.90. The stock has a market cap of $22.73 billion, a PE ratio of -48.63, a price-to-earnings-growth ratio of 6.66 and a beta of 0.71.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Tuesday, March 5th. The basic materials company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.10. Franco-Nevada had a negative net margin of 38.26% and a positive return on equity of 10.61%. The business had revenue of $303.30 million for the quarter. Equities analysts forecast that Franco-Nevada will post 2.76 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.36 per share. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 annualized dividend and a dividend yield of 1.22%. Franco-Nevada’s dividend payout ratio (DPR) is -55.97%.

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.