Shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) have been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $156.83.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut Franco-Nevada from a “hold” rating to a “sell” rating and set a $133.00 target price on the stock. in a report on Tuesday, January 12th. JPMorgan Chase & Co. initiated coverage on Franco-Nevada in a research report on Wednesday, March 10th. They issued a “neutral” rating and a $152.00 target price on the stock. Raymond James lowered their price target on Franco-Nevada from $171.00 to $159.00 and set an “outperform” rating on the stock in a research report on Tuesday. Stifel Nicolaus lowered their price target on Franco-Nevada from $193.00 to $189.00 and set a “hold” rating on the stock in a research report on Monday, February 8th. Finally, Barclays raised Franco-Nevada from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $102.00 to $104.00 in a research report on Thursday, March 18th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Alpha LLC bought a new stake in Franco-Nevada in the 3rd quarter valued at $29,000. HighMark Wealth Management LLC acquired a new position in Franco-Nevada in the 4th quarter worth about $33,000. Regal Wealth Group Inc. increased its holdings in Franco-Nevada by 68.1% in the 4th quarter. Regal Wealth Group Inc. now owns 321 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 130 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Franco-Nevada by 108.9% in the 4th quarter. Lindbrook Capital LLC now owns 328 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 171 shares in the last quarter. Finally, Wolff Wiese Magana LLC acquired a new position in Franco-Nevada in the 4th quarter worth about $45,000. Institutional investors and hedge funds own 64.81% of the company’s stock.
Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Tuesday, March 9th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.16. Franco-Nevada had a return on equity of 9.17% and a net margin of 26.99%. The firm had revenue of $304.50 million for the quarter, compared to analysts’ expectations of $265.88 million. During the same quarter last year, the business earned $0.59 earnings per share. The company’s revenue was up 18.0% compared to the same quarter last year. Research analysts predict that Franco-Nevada will post 2.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were paid a $0.26 dividend. The ex-dividend date was Wednesday, March 10th. This represents a $1.04 annualized dividend and a yield of 0.79%. Franco-Nevada’s dividend payout ratio (DPR) is presently 57.14%.
Franco-Nevada Company Profile
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, 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.
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