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

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have earned an average rating of “Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$189.80.

FNV has been the subject of several research analyst reports. UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. National Bankshares decreased their price target on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. Canaccord Genuity Group cut their price objective on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a research report on Monday, November 18th. 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, CIBC dropped their price target on Franco-Nevada from C$265.00 to C$235.00 in a research note on Friday, November 8th.

Insider Activity

In other news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average cost of C$168.95 per share, for a total transaction of C$136,001.53. Following the purchase, the director now owns 805 shares of the company’s stock, valued at approximately C$136,001.53. The trade was a ∞ increase in their position. Insiders own 0.69% of the company’s stock.

Franco-Nevada Trading Down 0.4 %

TSE:FNV opened at C$171.44 on Friday. Franco-Nevada has a 52 week low of C$139.19 and a 52 week high of C$191.17. The firm’s fifty day moving average is C$173.44 and its 200-day moving average is C$169.73. The firm has a market cap of C$32.99 billion, a P/E ratio of -40.92, a P/E/G ratio of 5.00 and a beta of 0.68. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11.

Franco-Nevada Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.487 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Thursday, December 5th. Franco-Nevada’s payout ratio is -46.30%.

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.