Franco-Nevada (TSE:FNV) Price Target Raised to C$151.00 at Raymond James

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target upped by Raymond James from C$150.00 to C$151.00 in a research note issued to investors on Friday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

FNV has been the topic of several other research reports. National Bankshares boosted their price objective on Franco-Nevada from C$190.00 to C$195.00 and gave the company a sector perform rating in a report on Friday. Veritas Investment Research lifted their price objective on shares of Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. BMO Capital Markets decreased their price target on shares of Franco-Nevada from C$207.00 to C$205.00 in a research report on Thursday, May 2nd. Eight Capital upped 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. Finally, Canaccord Genuity Group lifted their target price on Franco-Nevada from C$168.00 to C$177.00 in a report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of C$191.50.

Franco-Nevada Stock Up 2.3 %

Shares of TSE:FNV opened at C$172.49 on Friday. The company has a market capitalization of C$33.17 billion, a price-to-earnings ratio of -50.14, a PEG 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 business has a 50-day moving average price of C$159.43 and a 200 day moving average price of C$155.76. 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 released its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.07 by C$0.16. The business had revenue of C$412.95 million for the quarter. Franco-Nevada had a negative net margin of 39.96% and a negative return on equity of 7.75%. Sell-side analysts expect that Franco-Nevada will post 4.5510259 EPS for the current year.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.487 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.95 dividend on an annualized basis and a yield of 1.13%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.48. Franco-Nevada’s dividend payout ratio (DPR) is presently -57.56%.

Insider Transactions at Franco-Nevada

In related news, 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 value of C$51,707.70. In related news, Director Paul Brink sold 2,315 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$157.33, for a total transaction of C$364,221.50. Also, Senior Officer Eaun Harrison Gray sold 330 shares of the business’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 value of C$51,707.70. In the last quarter, insiders sold 16,839 shares of company stock worth $2,686,396. 0.69% of the stock is currently owned by insiders.

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.