Franco-Nevada Co. (TSE:FNV) Given Consensus Recommendation of “Buy” by Analysts

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) has been assigned a consensus recommendation of “Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$190.80.

Several research firms recently weighed in on FNV. UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. CIBC lifted their target price on Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Stifel Nicolaus boosted their target price on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. Finally, Canaccord Genuity Group cut their price target on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a report on Monday, November 18th.

Franco-Nevada Trading Up 0.3 %

Shares of Franco-Nevada stock opened at C$186.69 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11. The company has a fifty day moving average of C$174.22 and a 200 day moving average of C$171.82. The company has a market capitalization of C$35.92 billion, a P/E ratio of -44.56, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a fifty-two week low of C$140.67 and a fifty-two week high of C$191.17.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.09 EPS for the quarter, missing analysts’ consensus estimates of C$1.15 by C($0.06). Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. During the same period in the previous year, the firm earned $1.22 earnings per share. On average, sell-side analysts anticipate that Franco-Nevada will post 3.1114111 earnings per share for the current fiscal year.

Franco-Nevada Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.487 per share. This represents a $1.95 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, December 5th. Franco-Nevada’s payout ratio is -46.30%.

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.