Vetr upgraded shares of Franco-Nevada Corp. (NYSE:FNV) from a sell rating to a hold rating in a research report report published on Monday morning. The firm currently has $68.00 target price on the stock.
A number of other research analysts have also weighed in on the company. TheStreet lowered Franco-Nevada Corp. from a buy rating to a hold rating in a report on Monday, September 12th. Zacks Investment Research lowered Franco-Nevada Corp. from a buy rating to a hold rating in a report on Tuesday, September 13th. Citigroup Inc. upgraded Franco-Nevada Corp. to a hold rating and dropped their price target for the stock from $74.00 to $62.00 in a report on Friday, September 9th. Deutsche Bank AG upgraded Franco-Nevada Corp. from a sell rating to a hold rating and lifted their price target for the stock from $62.00 to $74.00 in a report on Friday, September 9th. Finally, TD Securities reiterated a hold rating and set a $77.00 price target on shares of Franco-Nevada Corp. in a report on Saturday, August 13th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $71.57.
Franco-Nevada Corp. (NYSE:FNV) traded down 4.11% during mid-day trading on Monday, hitting $66.07. The stock had a trading volume of 365,117 shares. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 195.47 and a beta of 0.18. The firm’s 50-day moving average is $73.12 and its 200 day moving average is $70.71. Franco-Nevada Corp. has a 12 month low of $41.47 and a 12 month high of $81.16.
Franco-Nevada Corp. (NYSE:FNV) last posted its earnings results on Monday, August 8th. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. Franco-Nevada Corp. had a return on equity of 3.02% and a net margin of 11.05%. The company had revenue of $150.90 million for the quarter, compared to analyst estimates of $149.36 million. During the same quarter last year, the company earned $0.15 earnings per share. The company’s revenue for the quarter was up 37.9% on a year-over-year basis. Equities analysts anticipate that Franco-Nevada Corp. will post $0.89 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, September 15th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, September 13th. Franco-Nevada Corp.’s payout ratio is 275.00%.
A number of institutional investors have recently bought and sold shares of FNV. Carnick & Kubik Group LLC acquired a new position in Franco-Nevada Corp. during the second quarter valued at approximately $230,000. IFP Advisors Inc boosted its position in Franco-Nevada Corp. by 15.3% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the company’s stock valued at $100,000 after buying an additional 175 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Franco-Nevada Corp. by 18.2% in the second quarter. Hillsdale Investment Management Inc. now owns 3,250 shares of the company’s stock valued at $247,000 after buying an additional 500 shares during the last quarter. Stifel Financial Corp boosted its position in Franco-Nevada Corp. by 211.8% in the second quarter. Stifel Financial Corp now owns 60,195 shares of the company’s stock valued at $4,578,000 after buying an additional 40,890 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Franco-Nevada Corp. by 8.2% in the second quarter. Legal & General Group Plc now owns 905,524 shares of the company’s stock valued at $68,497,000 after buying an additional 68,263 shares during the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.
Franco-Nevada Corp. Company Profile
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Franco-Nevada Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada Corp. and related companies with MarketBeat.com's FREE daily email newsletter.