Franco-Nevada Corporation (FNV) Given Average Rating of “Hold” by Brokerages

Shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) have received a consensus recommendation of “Hold” from the fourteen brokerages that are covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $84.89.

Several brokerages recently weighed in on FNV. ValuEngine raised shares of Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. BidaskClub raised shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $100.00 target price on shares of Franco-Nevada Corporation in a report on Monday, October 23rd. Credit Suisse Group cut shares of Franco-Nevada Corporation from an “outperform” rating to a “neutral” rating and raised their target price for the company from $78.00 to $80.00 in a report on Monday, September 25th. Finally, Zacks Investment Research raised shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Monday, July 31st.

Shares of Franco-Nevada Corporation (NYSE FNV) traded up $0.22 during trading hours on Friday, reaching $84.45. 167,192 shares of the company traded hands, compared to its average volume of 622,259. The firm has a market capitalization of $15,643.84, a PE ratio of 80.99, a price-to-earnings-growth ratio of 19.87 and a beta of -0.14. Franco-Nevada Corporation has a 52-week low of $53.31 and a 52-week high of $85.67.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last issued its earnings results on Monday, November 6th. The basic materials company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The firm had revenue of $171.50 million for the quarter, compared to analysts’ expectations of $167.07 million. Franco-Nevada Corporation had a net margin of 22.12% and a return on equity of 4.31%. The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. sell-side analysts predict that Franco-Nevada Corporation will post 1.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.92 annualized dividend and a yield of 1.09%. Franco-Nevada Corporation’s dividend payout ratio is currently 116.46%.

A number of institutional investors have recently made changes to their positions in FNV. Creative Planning increased its stake in Franco-Nevada Corporation by 132.6% in the second quarter. Creative Planning now owns 8,396 shares of the basic materials company’s stock valued at $606,000 after purchasing an additional 4,786 shares during the last quarter. Aperio Group LLC increased its stake in Franco-Nevada Corporation by 353.1% in the second quarter. Aperio Group LLC now owns 25,842 shares of the basic materials company’s stock valued at $1,865,000 after purchasing an additional 20,138 shares during the last quarter. US Bancorp DE increased its stake in Franco-Nevada Corporation by 8.9% in the second quarter. US Bancorp DE now owns 22,316 shares of the basic materials company’s stock valued at $1,610,000 after purchasing an additional 1,816 shares during the last quarter. APG Asset Management N.V. increased its stake in Franco-Nevada Corporation by 3.7% in the second quarter. APG Asset Management N.V. now owns 1,757,541 shares of the basic materials company’s stock valued at $164,453,000 after purchasing an additional 63,000 shares during the last quarter. Finally, Barometer Capital Management Inc. increased its stake in Franco-Nevada Corporation by 4,017.1% in the second quarter. Barometer Capital Management Inc. now owns 288,200 shares of the basic materials company’s stock valued at $20,797,000 after purchasing an additional 281,200 shares during the last quarter. Institutional investors own 59.91% of the company’s stock.

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About Franco-Nevada Corporation

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.

Analyst Recommendations for Franco-Nevada Corporation (NYSE:FNV)

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