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.

ILLEGAL ACTIVITY WARNING: “Franco Nevada Corp (FNV) Receives Average Recommendation of “Buy” from Analysts” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/18/franco-nevada-corp-fnv-receives-average-recommendation-of-buy-from-analysts.html.

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.

Analyst Recommendations for Franco Nevada Corp (TSE:FNV)

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.