Shares of Franco-Nevada Co. (NYSE:FNV – Get Free Report) (TSE:FNV) saw unusually-high trading volume on Tuesday . Approximately 1,255,940 shares changed hands during mid-day trading, an increase of 90% from the previous session’s volume of 661,228 shares.The stock last traded at $122.71 and had previously closed at $121.37.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. UBS Group began coverage on Franco-Nevada in a research report on Monday, November 18th. They issued a “buy” rating and a $160.00 price objective for the company. HC Wainwright raised their target price on Franco-Nevada from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Scotiabank lowered their price target on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating on the stock in a report on Friday, November 8th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Bank of America cut shares of Franco-Nevada from a “buy” rating to a “neutral” rating and lowered their target price for the company from $142.00 to $139.00 in a research note on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.83.
Check Out Our Latest Stock Report on Franco-Nevada
Franco-Nevada Trading Up 2.2 %
Franco-Nevada (NYSE:FNV – Get Free Report) (TSE:FNV) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.03). Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business had revenue of $275.70 million during the quarter, compared to analyst estimates of $279.11 million. During the same period in the previous year, the firm earned $0.91 earnings per share. The firm’s revenue was down 10.9% compared to the same quarter last year. Equities research analysts expect that Franco-Nevada Co. will post 3.22 EPS for the current year.
Franco-Nevada Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Thursday, December 5th. Franco-Nevada’s dividend payout ratio is currently -45.57%.
Institutional Trading of Franco-Nevada
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in Franco-Nevada in the second quarter valued at approximately $33,000. QV Investors Inc. boosted its position in shares of Franco-Nevada by 24.6% in the 2nd quarter. QV Investors Inc. now owns 249,909 shares of the basic materials company’s stock worth $29,624,000 after purchasing an additional 49,308 shares during the last quarter. ORG Partners LLC bought a new stake in Franco-Nevada in the second quarter valued at about $79,000. Addenda Capital Inc. lifted its stake in Franco-Nevada by 85.7% in the second quarter. Addenda Capital Inc. now owns 104,369 shares of the basic materials company’s stock valued at $12,370,000 after buying an additional 48,160 shares during the period. Finally, Clear Harbor Asset Management LLC boosted its holdings in Franco-Nevada by 1.2% during the second quarter. Clear Harbor Asset Management LLC now owns 11,831 shares of the basic materials company’s stock worth $1,402,000 after buying an additional 143 shares during the last quarter. 77.06% of the stock is owned by institutional investors.
About Franco-Nevada
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.
Featured Stories
- Five stocks we like better than Franco-Nevada
- What is the Australian Securities Exchange (ASX)
- Beyond NVIDIA: Top 5 Semiconductor Stocks to Watch for 2025
- Business Services Stocks Investing
- Netflix Is On Track To Hit $1,000 By Christmas
- Stock Analyst Ratings and Canadian Analyst Ratings
- UMAC Stock Climbs Amid Trump Jr. Appointment and Meme Stock Hype
Receive News & Ratings for Franco-Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada and related companies with MarketBeat.com's FREE daily email newsletter.