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 covering the company, Analyst RN reports. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $54.62.
FNV has been the subject of a number of recent research reports. 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 56.29 on Wednesday. Franco-Nevada has a 52-week low of $36.92 and a 52-week high of $61.47. The stock has a 50-day moving average of $57.25 and a 200-day moving average of $51.71. The company has a market cap of $8.302 billion and a P/E ratio of 308.78.
Franco-Nevada (NYSE:FNV) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. Analysts expect that Franco-Nevada will post $0.98 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.42%. The ex-dividend date 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.