Franco-Nevada Co. (NYSE:FNV) Receives $145.33 Consensus Target Price from Analysts

Shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) have been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $146.71.

A number of brokerages have recently commented on FNV. Jefferies Financial Group cut their price objective on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. UBS Group began coverage on Franco-Nevada in a research report on Monday, November 18th. They issued a “buy” rating and a $160.00 price objective for the company. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. HC Wainwright restated a “buy” rating and issued a $155.00 target price on shares of Franco-Nevada in a research note on Tuesday, January 28th. Finally, Scotiabank decreased 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.

Institutional Trading of Franco-Nevada

Several large investors have recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in shares of Franco-Nevada in the fourth quarter valued at $47,000. Point72 DIFC Ltd bought a new stake in Franco-Nevada during the 3rd quarter worth about $52,000. Physician Wealth Advisors Inc. acquired a new stake in Franco-Nevada in the 4th quarter valued at about $49,000. Erste Asset Management GmbH bought a new position in shares of Franco-Nevada in the third quarter worth about $55,000. Finally, Harbour Investments Inc. lifted its position in shares of Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 93 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Price Performance

NYSE:FNV opened at $142.43 on Monday. Franco-Nevada has a one year low of $103.64 and a one year high of $143.77. The company has a fifty day moving average price of $126.40 and a 200 day moving average price of $125.10. The stock has a market cap of $27.42 billion, a P/E ratio of -45.07, a PEG ratio of 9.88 and a beta of 0.74.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s payout ratio is currently -45.57%.

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.