Franco-Nevada Co. (FNV.TO) (TSE:FNV) (NYSE:FNV) declared a quarterly dividend on Wednesday, November 4th, Zacks reports. Investors of record on Thursday, December 3rd will be given a dividend of 0.606 per share on Thursday, December 17th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, December 2nd. This is a positive change from Franco-Nevada Co. (FNV.TO)’s previous quarterly dividend of $0.35.
Shares of FNV stock opened at C$169.45 on Monday. The firm has a market capitalization of $32.34 billion and a P/E ratio of 122.26. The company has a debt-to-equity ratio of 1.63, a quick ratio of 13.40 and a current ratio of 14.38. Franco-Nevada Co. has a 52-week low of C$105.93 and a 52-week high of C$222.15. The stock has a 50 day moving average price of C$180.45 and a 200 day moving average price of C$190.66.
Several research analysts have issued reports on FNV shares. National Bank Financial increased their target price on shares of Franco-Nevada Co. (FNV.TO) from C$220.00 to C$225.00 in a report on Friday, September 11th. CIBC increased their price objective on shares of Franco-Nevada Co. (FNV.TO) from C$235.00 to C$245.00 in a research note on Thursday, August 6th. Eight Capital lifted their price objective on shares of Franco-Nevada Co. (FNV.TO) from C$200.00 to C$225.00 in a report on Wednesday, October 14th. Finally, BMO Capital Markets upped their target price on Franco-Nevada Co. (FNV.TO) from C$200.00 to C$205.00 in a report on Thursday, November 5th.
Franco-Nevada Co. (FNV.TO) Company Profile
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, Europe, and Africa, and internationally. It operates through two segment, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids.
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