Shares of Franco-Nevada Co. (TSE:FNV – Get Free Report) (NYSE:FNV) have received a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$190.80.
Several research analysts recently commented on FNV shares. Canaccord Genuity Group dropped their target price on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a report on Monday, November 18th. UBS Group upgraded Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. CIBC increased their target price on Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Finally, Stifel Nicolaus raised their target price on Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st.
View Our Latest Analysis on FNV
Franco-Nevada Trading Up 0.2 %
Franco-Nevada Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.487 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, December 5th. Franco-Nevada’s payout ratio is -46.30%.
About Franco-Nevada
Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.
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