Franco-Nevada Corporation (NYSE:FNV) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Franco-Nevada Corporation (NYSE:FNVGet Free Report) (TSE:FNV) have received a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $273.40.

FNV has been the topic of several recent research reports. Wall Street Zen lowered Franco-Nevada from a “buy” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings lowered shares of Franco-Nevada from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Scotiabank decreased their target price on shares of Franco-Nevada from $290.00 to $274.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Zacks Research raised shares of Franco-Nevada from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada dropped their price target on shares of Franco-Nevada from $295.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th.

Get Our Latest Analysis on FNV

Hedge Funds Weigh In On Franco-Nevada

A number of large investors have recently bought and sold shares of FNV. AQR Capital Management LLC purchased a new position in Franco-Nevada during the first quarter worth approximately $241,000. NewEdge Advisors LLC increased its position in shares of Franco-Nevada by 16.7% in the first quarter. NewEdge Advisors LLC now owns 6,585 shares of the basic materials company’s stock valued at $1,038,000 after buying an additional 943 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Franco-Nevada by 118.3% in the first quarter. Intech Investment Management LLC now owns 9,286 shares of the basic materials company’s stock valued at $1,460,000 after buying an additional 5,032 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Franco-Nevada by 800.0% during the 1st quarter. Acadian Asset Management LLC now owns 2,700 shares of the basic materials company’s stock worth $424,000 after buying an additional 2,400 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Franco-Nevada during the 2nd quarter valued at approximately $1,477,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Stock Up 3.0%

Shares of FNV stock opened at $258.48 on Friday. The stock has a market cap of $49.85 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 2.29 and a beta of 0.35. The business has a 50-day simple moving average of $218.45 and a 200-day simple moving average of $234.83. Franco-Nevada has a 52-week low of $178.01 and a 52-week high of $285.67.

Franco-Nevada (NYSE:FNVGet Free Report) (TSE:FNV) last issued its earnings results on Tuesday, August 11th. The basic materials company reported $1.81 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.14). The company had revenue of $580.90 million during the quarter, compared to analysts’ expectations of $616.66 million. Franco-Nevada had a return on equity of 18.58% and a net margin of 63.79%.The firm’s quarterly revenue was up 57.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.24 EPS. Sell-side analysts anticipate that Franco-Nevada will post 7.6 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, September 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.7%. Franco-Nevada’s dividend payout ratio (DPR) is 23.01%.

Franco-Nevada Company Profile

(Get Free Report)

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.

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Analyst Recommendations for Franco-Nevada (NYSE:FNV)

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