Franco-Nevada (TSE:FNV) Sets New 1-Year High – Here’s Why

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) shares reached a new 52-week high during trading on Thursday . The stock traded as high as C$193.94 and last traded at C$193.82, with a volume of 17870 shares trading hands. The stock had previously closed at C$189.13.

Wall Street Analysts Forecast Growth

FNV has been the subject of several recent analyst reports. UBS Group upgraded Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. Canaccord Genuity Group reduced their price target on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a research report on Monday, November 18th. CIBC boosted their price target on Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Finally, Stifel Nicolaus boosted their price target on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$190.80.

Franco-Nevada Stock Performance

The firm has a fifty day moving average price of C$175.49 and a 200 day moving average price of C$172.47. The firm has a market capitalization of C$37.91 billion, a PE ratio of -47.02, a P/E/G ratio of 5.00 and a beta of 0.68. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.15 by C($0.06). Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. During the same period in the previous year, the company earned $1.22 earnings per share. Research analysts anticipate that Franco-Nevada Co. will post 3.1114111 earnings per share for the current fiscal year.

Franco-Nevada Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.487 dividend. This represents a $1.95 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, December 5th. Franco-Nevada’s payout ratio 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.