Nicholas Hugo Housby Dryland Acquires 805 Shares of Franco-Nevada Co. (TSE:FNV) Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Director Nicholas Hugo Housby Dryland bought 805 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average price of C$168.95 per share, for a total transaction of C$136,001.53. Following the purchase, the director now owns 805 shares in the company, valued at approximately C$136,001.53.

Franco-Nevada Stock Performance

Franco-Nevada stock remained flat at C$169.45 during trading hours on Wednesday. 163,755 shares of the company’s stock traded hands, compared to its average volume of 333,729. 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 market cap of C$32.61 billion, a price-to-earnings ratio of -41.31, a P/E/G ratio of 5.00 and a beta of 0.68. The business’s 50-day simple moving average is C$168.90 and its 200-day simple moving average is C$164.94. Franco-Nevada Co. has a 12 month low of C$139.19 and a 12 month high of C$195.35.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.07 by C($0.04). The firm had revenue of C$355.88 million during the quarter. Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. As a group, equities research analysts anticipate that Franco-Nevada Co. will post 5.2932599 EPS for the current year.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a $0.497 dividend. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.49. This represents a $1.99 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, September 12th. Franco-Nevada’s payout ratio is presently -48.18%.

Analyst Ratings Changes

FNV has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Canaccord Genuity Group raised their price objective on Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. National Bankshares lowered their price target on Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. CIBC boosted their price objective on shares of Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. Finally, TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$192.18.

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.