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

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) has earned an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $232.75.

A number of equities analysts have recently commented on FNV shares. Raymond James Financial raised their target price on shares of Franco-Nevada from $218.00 to $234.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Jefferies Financial Group reaffirmed a “hold” rating and set a $228.00 target price on shares of Franco-Nevada in a research report on Sunday, December 7th. UBS Group upped their target price on Franco-Nevada from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Scotiabank raised their price target on Franco-Nevada from $184.00 to $225.00 and gave the company a “sector perform” rating in a research note on Thursday, October 23rd. Finally, Zacks Research lowered shares of Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Franco-Nevada by 112.3% in the fourth quarter. GAMMA Investing LLC now owns 121 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 64 shares during the last quarter. Burkett Financial Services LLC acquired a new stake in shares of Franco-Nevada in the 3rd quarter worth $28,000. MTM Investment Management LLC acquired a new stake in shares of Franco-Nevada in the 2nd quarter worth $32,000. Smartleaf Asset Management LLC grew its stake in Franco-Nevada by 600.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 196 shares of the basic materials company’s stock worth $32,000 after buying an additional 168 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its position in Franco-Nevada by 78.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 205 shares of the basic materials company’s stock valued at $34,000 after buying an additional 90 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Stock Down 0.9%

FNV stock opened at $217.53 on Thursday. Franco-Nevada has a twelve month low of $123.50 and a twelve month high of $225.63. The firm has a market cap of $41.94 billion, a price-to-earnings ratio of 45.60, a PEG ratio of 1.32 and a beta of 0.48. The business’s fifty day simple moving average is $203.38 and its two-hundred day simple moving average is $191.19.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Monday, November 3rd. The basic materials company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. The firm had revenue of $487.70 million for the quarter, compared to analysts’ expectations of $448.51 million. Franco-Nevada had a net margin of 59.48% and a return on equity of 13.94%. The business’s revenue for the quarter was up 76.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. Research analysts expect that Franco-Nevada will post 3.09 EPS for the current year.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, December 4th. Franco-Nevada’s dividend payout ratio is presently 31.87%.

Franco-Nevada Company Profile

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.