Franco-Nevada Co. (TSE:FNV) Receives Consensus Rating of “Buy” from Analysts

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) has earned a consensus recommendation of “Buy” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$190.80.

FNV has been the topic of several research analyst reports. UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. CIBC raised their price target on shares of Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Canaccord Genuity Group decreased their price target on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research note on Monday, November 18th. Finally, Stifel Nicolaus raised their price target on shares of Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st.

Franco-Nevada Stock Performance

Shares of TSE:FNV opened at C$182.04 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. The company has a market capitalization of C$35.03 billion, a price-to-earnings ratio of -43.45, a P/E/G ratio of 5.00 and a beta of 0.68. The firm’s 50 day simple moving average is C$171.88 and its 200 day simple moving average is C$170.91. Franco-Nevada has a fifty-two week low of C$140.67 and a fifty-two week high of C$191.17.

Franco-Nevada Cuts Dividend

The company also recently declared 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 1.07%. The ex-dividend date was Thursday, December 5th. Franco-Nevada’s dividend payout ratio (DPR) is currently -46.30%.

Franco-Nevada Company Profile

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.