Analysts Set Franco-Nevada Co. (TSE:FNV) Price Target at C$202.67

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have been given a consensus rating of “Buy” by the twelve ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$203.82.

Several research firms have issued reports on FNV. Raymond James raised their price target on shares of Franco-Nevada to C$209.00 and gave the stock an “outperform” rating in a report on Tuesday, April 20th. Canaccord Genuity lowered shares of Franco-Nevada from a “buy” rating to a “hold” rating in a report on Friday, July 16th. Cfra raised their price target on shares of Franco-Nevada to C$227.00 and gave the stock a “na” rating in a report on Friday, May 7th. National Bank Financial lifted their price objective on shares of Franco-Nevada to C$205.00 and gave the company a “na” rating in a research note on Friday, July 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Franco-Nevada from C$197.00 to C$199.00 and gave the company a “na” rating in a research note on Tuesday, July 13th.

Franco-Nevada stock traded down C$0.32 during mid-day trading on Thursday, hitting C$188.04. 267,957 shares of the stock were exchanged, compared to its average volume of 414,968. The company has a quick ratio of 15.52, a current ratio of 16.39 and a debt-to-equity ratio of 1.63. Franco-Nevada has a 12 month low of C$133.63 and a 12 month high of C$222.15. The firm’s fifty day moving average price is C$182.92. The firm has a market capitalization of C$35.92 billion and a PE ratio of 48.05.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings results on Wednesday, May 5th. The company reported C$1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.00 by C$0.06. The firm had revenue of C$391.19 million for the quarter, compared to the consensus estimate of C$388.09 million. On average, analysts forecast that Franco-Nevada will post 3.6500002 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 24th. Shareholders of record on Thursday, June 10th were issued a dividend of $0.668 per share. This represents a $2.67 dividend on an annualized basis and a yield of 1.42%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, June 9th. Franco-Nevada’s payout ratio is currently 19.83%.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Latin America, Canada, 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.

Featured Story: How much money do you need to begin day trading?

Analyst Recommendations for Franco-Nevada (TSE:FNV)

Receive News & Ratings for Franco-Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada and related companies with's FREE daily email newsletter.