Franco Nevada Corp (FNV) Receives Average Recommendation of “Buy” from Analysts
Franco Nevada Corp (TSE:FNV) (NYSE:FNV) has been assigned an average recommendation of “Buy” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$96.83.
A number of research analysts have issued reports on FNV shares. CIBC boosted their price target on Franco Nevada Corp from C$105.00 to C$110.00 in a report on Thursday, August 10th. Canaccord Genuity boosted their price target on Franco Nevada Corp from C$111.00 to C$114.00 in a report on Wednesday, August 9th. Clarkson Capital reissued a “neutral” rating on shares of Franco Nevada Corp in a report on Wednesday, May 10th. Finally, Scotiabank boosted their price target on Franco Nevada Corp to C$99.00 and gave the company a “sector perform” rating in a report on Thursday, May 11th.
Franco Nevada Corp (TSE:FNV) opened at 99.58 on Friday. The company has a market cap of $18.47 billion and a PE ratio of 125.57. The stock has a 50 day moving average of $93.04 and a 200 day moving average of $91.81. Franco Nevada Corp has a 52 week low of $71.44 and a 52 week high of $103.67.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, September 13th. This is an increase from Franco Nevada Corp’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 0.92%.
In other news, Director Derek Watson Evans sold 65,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of C$99.81, for a total value of C$6,487,650.00. Also, Director Jeffery Jenkins sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of C$73.73, for a total value of C$368,650.00. Insiders sold 148,347 shares of company stock valued at $14,722,490 over the last three months.
Franco Nevada Corp Company Profile
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
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