Franco-Nevada Co. (NYSE:FNV) Receives $155.50 Average Target Price from Analysts

Shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) have received an average rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $157.88.

Several equities research analysts recently issued reports on FNV shares. StockNews.com raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday. HC Wainwright lifted their target price on Franco-Nevada from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, March 26th. UBS Group raised their price objective on Franco-Nevada from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Scotiabank upped their target price on Franco-Nevada from $145.00 to $150.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 11th. Finally, Raymond James raised their price target on shares of Franco-Nevada from $162.00 to $181.00 and gave the stock an “outperform” rating in a research report on Friday.

Hedge Funds Weigh In On Franco-Nevada

Hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. raised its stake in Franco-Nevada by 33.1% during the third quarter. Citigroup Inc. now owns 36,710 shares of the basic materials company’s stock worth $4,565,000 after acquiring an additional 9,119 shares during the period. Cerity Partners LLC lifted its holdings in shares of Franco-Nevada by 28.4% in the 3rd quarter. Cerity Partners LLC now owns 3,581 shares of the basic materials company’s stock worth $445,000 after purchasing an additional 791 shares during the last quarter. Verition Fund Management LLC acquired a new position in Franco-Nevada during the 3rd quarter valued at approximately $2,995,000. PDT Partners LLC acquired a new position in Franco-Nevada during the 3rd quarter valued at approximately $1,309,000. Finally, Flow Traders U.S. LLC bought a new position in Franco-Nevada during the 3rd quarter worth $244,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Price Performance

NYSE:FNV opened at $145.39 on Tuesday. Franco-Nevada has a 12 month low of $112.70 and a 12 month high of $161.36. The firm has a market capitalization of $28.00 billion, a PE ratio of -46.01, a price-to-earnings-growth ratio of 9.78 and a beta of 0.68. The business’s 50-day moving average is $145.51 and its two-hundred day moving average is $131.81.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The firm had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $304.33 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. Franco-Nevada’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. Equities analysts anticipate that Franco-Nevada will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.38 per share. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Thursday, March 13th. Franco-Nevada’s dividend payout ratio is currently 53.15%.

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.