Franco-Nevada Co. (NYSE:FNV) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $148.86.

A number of research firms have recently commented on FNV. UBS Group began coverage on Franco-Nevada in a report on Monday, November 18th. They set a “buy” rating and a $160.00 price target for the company. Scotiabank reduced 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 research note on Friday, November 8th. TD Cowen upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. StockNews.com upgraded shares of Franco-Nevada from a “sell” rating to a “hold” rating in a report on Thursday, August 22nd. Finally, Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th.

Franco-Nevada Price Performance

FNV opened at $122.55 on Wednesday. The business has a fifty day simple moving average of $126.01 and a 200 day simple moving average of $123.81. Franco-Nevada has a 1 year low of $102.29 and a 1 year high of $137.60. The company has a market capitalization of $23.59 billion, a PE ratio of -38.78, a price-to-earnings-growth ratio of 20.87 and a beta of 0.75.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). The firm had revenue of $275.70 million for the quarter, compared to the consensus estimate of $279.11 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The company’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. Equities analysts anticipate that Franco-Nevada will post 3.22 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Thursday, December 5th. Franco-Nevada’s payout ratio is currently -45.57%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Silvercrest Asset Management Group LLC grew its holdings in shares of Franco-Nevada by 14.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 8,591 shares of the basic materials company’s stock valued at $1,024,000 after buying an additional 1,080 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Franco-Nevada by 44.4% during the 1st quarter. Janus Henderson Group PLC now owns 63,540 shares of the basic materials company’s stock valued at $7,576,000 after purchasing an additional 19,551 shares during the last quarter. EdgePoint Investment Group Inc. increased its holdings in Franco-Nevada by 68.1% during the 1st quarter. EdgePoint Investment Group Inc. now owns 2,759,677 shares of the basic materials company’s stock worth $328,972,000 after purchasing an additional 1,117,523 shares in the last quarter. Wahed Invest LLC raised its stake in shares of Franco-Nevada by 39.1% in the first quarter. Wahed Invest LLC now owns 2,110 shares of the basic materials company’s stock worth $252,000 after purchasing an additional 593 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its holdings in shares of Franco-Nevada by 7.9% in the second quarter. Confluence Investment Management LLC now owns 4,869 shares of the basic materials company’s stock valued at $577,000 after purchasing an additional 357 shares in the last quarter. Institutional investors and hedge funds own 77.06% 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.