Franco-Nevada Given Consensus Rating of “Hold” by Analysts (NYSE:FNV)
Shares of Franco-Nevada (NYSE:FNV) have earned a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the company, AnalystRatings.Net reports. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $54.62.
A number of research firms have recently commented on FNV. Analysts at Zacks upgraded shares of Franco-Nevada from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 7th. They now have a $59.20 price target on the stock. Separately, analysts at TD Securities raised their price target on shares of Franco-Nevada from C$57.00 to C$63.00 in a research note on Thursday, August 7th. They now have a “hold” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Franco-Nevada from $52.00 to $53.00 in a research note on Thursday, August 7th. They now have a “market perform” rating on the stock.
Franco-Nevada (NYSE:FNV) opened at 55.74 on Wednesday. Franco-Nevada has a one year low of $36.92 and a one year high of $61.47. The stock has a 50-day moving average of $57.44 and a 200-day moving average of $51.61. The company has a market cap of $8.220 billion and a P/E ratio of 307.96.
Franco-Nevada (NYSE:FNV) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.01. The company had revenue of $107.70 million for the quarter, compared to the consensus estimate of $96.36 million. During the same quarter last year, the company posted $0.22 earnings per share. Franco-Nevada’s revenue was up 15.4% compared to the same quarter last year. Analysts expect that Franco-Nevada will post $0.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 25th. Stockholders of record on Thursday, September 11th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Tuesday, September 9th.
Franco-Nevada Corporation (NYSE:FNV) is a gold-focused royalty and stream company with interests in platinum group metals (PGMs), oil and gas and other resource assets.
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