Franco-Nevada (TSE:FNV) PT Raised to C$200.00 at Eight Capital

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target boosted by Eight Capital from C$190.00 to C$200.00 in a report released on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Bank of America upped their target price on shares of Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Raymond James lowered 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 report on Thursday, March 7th. BMO Capital Markets lowered their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a report on Wednesday, March 6th. Stifel Nicolaus increased their price objective on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the company a buy rating in a research note on Friday, April 19th. Finally, Veritas Investment Research increased their price objective on shares of Franco-Nevada from C$149.00 to C$173.00 in a research note on Friday, April 12th. Three research 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 currently has an average rating of Moderate Buy and an average target price of C$187.50.

Franco-Nevada Price Performance

FNV stock opened at C$166.12 on Monday. The stock has a market capitalization of C$31.92 billion, a PE ratio of -49.89, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63. The company’s 50-day moving average is C$156.27 and its 200-day moving average is C$157.14. The company has a debt-to-equity ratio of 1.63, a current ratio of 41.21 and a quick ratio of 23.26. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$217.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.16. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. The company had revenue of C$412.95 million for the quarter. Equities research analysts expect that Franco-Nevada will post 4.2780116 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.477 dividend. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.91 annualized dividend and a yield of 1.15%. Franco-Nevada’s dividend payout ratio (DPR) is -58.86%.

Insider Transactions at Franco-Nevada

In other news, Senior Officer Eaun Harrison Gray sold 330 shares of the firm’s stock in a transaction that occurred 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 other news, Director Paul Brink sold 3,445 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total transaction of C$547,513.85. Also, Senior Officer Eaun Harrison Gray sold 330 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total transaction of C$51,707.70. Insiders sold a total of 16,839 shares of company stock worth $2,686,396 in the last quarter. 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.