Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) was the target of unusually large options trading activity on Friday. Stock investors bought 7,026 put options on the stock. This represents an increase of Infinity compared to the average daily volume of 0 put options.
Several analysts have commented on FNV shares. Zacks Investment Research upgraded shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Monday, July 24th. Scotiabank raised their price objective on shares of Franco-Nevada Corporation from $78.00 to $79.50 and gave the stock a “sector perform” rating in a report on Thursday, August 10th. TD Securities set a $92.00 price objective on shares of Franco-Nevada Corporation and gave the stock a “buy” rating in a report on Thursday, October 19th. BidaskClub lowered shares of Franco-Nevada Corporation from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Franco-Nevada Corporation in a report on Thursday, September 7th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $85.80.
Several hedge funds have recently added to or reduced their stakes in FNV. Advisory Services Network LLC lifted its holdings in shares of Franco-Nevada Corporation by 199.0% during the second quarter. Advisory Services Network LLC now owns 1,504 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 1,001 shares during the last quarter. Hexavest Inc. raised its holdings in Franco-Nevada Corporation by 50.7% in the 2nd quarter. Hexavest Inc. now owns 1,662 shares of the basic materials company’s stock worth $120,000 after acquiring an additional 559 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Franco-Nevada Corporation by 453.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,922 shares of the basic materials company’s stock worth $149,000 after acquiring an additional 1,575 shares during the last quarter. Gratus Capital LLC purchased a new position in Franco-Nevada Corporation in the 3rd quarter worth approximately $201,000. Finally, Blair William & Co. IL purchased a new position in Franco-Nevada Corporation in the 2nd quarter worth approximately $210,000. Hedge funds and other institutional investors own 59.46% of the company’s stock.
Franco-Nevada Corporation (NYSE:FNV) opened at $84.64 on Wednesday. Franco-Nevada Corporation has a 1-year low of $53.31 and a 1-year high of $85.03. The stock has a market cap of $15,490.00, a P/E ratio of 80.75, a PEG ratio of 19.84 and a beta of -0.14.
Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last released its earnings results on Monday, November 6th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.03. Franco-Nevada Corporation had a net margin of 22.12% and a return on equity of 4.31%. The firm had revenue of $171.50 million during the quarter, compared to analyst estimates of $167.07 million. During the same period last year, the business earned $0.30 earnings per share. The business’s revenue was down .3% on a year-over-year basis. analysts expect that Franco-Nevada Corporation will post 1.06 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.92 annualized dividend and a dividend yield of 1.09%. Franco-Nevada Corporation’s payout ratio is 113.58%.
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Franco-Nevada Corporation Company Profile
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
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