Franco-Nevada (TSE:FNV) Upgraded at UBS Group

UBS Group upgraded shares of Franco-Nevada (TSE:FNV) (NYSE:FNV) to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

A number of other equities analysts have also recently weighed in on FNV. National Bankshares reduced their price target on Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. Canaccord Genuity Group reduced their price objective on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research report on Monday. Stifel Nicolaus lifted their price objective on Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. CIBC reduced their price objective on Franco-Nevada from C$265.00 to C$235.00 in a research note on Friday, November 8th. Finally, TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Franco-Nevada has a consensus rating of “Buy” and an average target price of C$189.80.

Franco-Nevada Stock Performance

FNV opened at C$169.82 on Monday. The firm has a fifty day moving average price of C$172.13 and a 200 day moving average price of C$169.45. The stock has a market cap of C$32.68 billion, a P/E ratio of -40.53, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$191.17. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26.

Franco-Nevada Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.487 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.95 annualized dividend and a yield of 1.15%. Franco-Nevada’s dividend payout ratio is presently -46.30%.

Insiders Place Their Bets

In other news, Director Nicholas Hugo Housby Dryland bought 805 shares of Franco-Nevada stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the completion of the acquisition, the director now directly owns 805 shares in the company, valued at C$136,001.53. The trade was a ∞ increase in their ownership of the stock. 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.