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

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) has earned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $155.50.

FNV has been the subject of several analyst reports. HC Wainwright upped their target price on Franco-Nevada from $165.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, March 26th. Raymond James boosted their price objective on Franco-Nevada from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Tuesday, March 11th. Royal Bank of Canada raised their target price on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. UBS Group lifted their target price on shares of Franco-Nevada from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Finally, StockNews.com upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th.

Franco-Nevada Price Performance

NYSE FNV opened at $157.50 on Tuesday. Franco-Nevada has a 12 month low of $112.70 and a 12 month high of $159.38. The company has a market capitalization of $30.33 billion, a P/E ratio of -49.84, a PEG ratio of 9.78 and a beta of 0.73. The company’s 50 day simple moving average is $143.23 and its 200 day simple moving average is $130.83.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. The company had revenue of $321.00 million for the quarter, compared to analysts’ expectations of $304.33 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 earnings per share. On average, analysts anticipate that Franco-Nevada will post 3.09 earnings per share for the current year.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.97%. The ex-dividend date was Thursday, March 13th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s dividend payout ratio is currently 53.15%.

Institutional Investors Weigh In On Franco-Nevada

A number of institutional investors have recently modified their holdings of FNV. Laurel Wealth Advisors LLC purchased a new stake in shares of Franco-Nevada during the fourth quarter worth $47,000. Physician Wealth Advisors Inc. acquired a new position in Franco-Nevada in the 4th quarter worth about $49,000. Point72 DIFC Ltd acquired a new position in Franco-Nevada in the 3rd quarter worth about $52,000. Harbour Investments Inc. raised its stake in shares of Franco-Nevada by 25.8% during the 4th 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. Finally, Erste Asset Management GmbH acquired a new stake in shares of Franco-Nevada during the 3rd quarter valued at about $55,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

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.