Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Stock analysts at Desjardins issued their FY2021 earnings per share (EPS) estimates for shares of Franco-Nevada in a research note issued to investors on Monday. Desjardins analyst J. Wolfson expects that the company will post earnings per share of $1.98 for the year. Desjardins has a “Sell” rating on the stock.
A number of other research firms have also recently commented on FNV. Eight Capital reiterated a “neutral” rating on shares of Franco-Nevada in a report on Thursday, November 16th. TD Securities increased their price target on shares of Franco-Nevada to C$123.50 and gave the company a “buy” rating in a report on Tuesday, November 7th. Scotiabank increased their price target on shares of Franco-Nevada to C$108.00 and gave the company a “sector perform” rating in a report on Tuesday, November 7th. National Bank Financial increased their price target on shares of Franco-Nevada from C$100.00 to C$107.50 and gave the company a “sector perform” rating in a report on Tuesday, November 7th. Finally, CIBC increased their price target on shares of Franco-Nevada from C$110.00 to C$120.00 in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Franco-Nevada currently has an average rating of “Hold” and a consensus target price of C$109.06.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be issued a $0.296 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $1.18 annualized dividend and a yield of 1.21%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.23. Franco-Nevada’s dividend payout ratio (DPR) is currently 87.38%.
In related news, insider Lloyd Hyunsoo Hong sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of C$96.81, for a total value of C$387,240.00. Also, Director David Harquail sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of C$99.33, for a total transaction of C$496,650.00.
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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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