Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities research analysts at Desjardins issued their FY2021 earnings per share estimates for Franco-Nevada in a research report issued on Monday. Desjardins analyst J. Wolfson expects that the company will post earnings per share of $1.98 for the year. Desjardins currently has a “Sell” rating on the stock.
FNV has been the subject of several other research reports. Royal Bank of Canada increased their price target on shares of Franco-Nevada from C$100.00 to C$116.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. Scotiabank increased their price target on shares of Franco-Nevada to C$100.00 and gave the company a “sector perform” rating in a report on Friday, September 8th. Canaccord Genuity increased their price target on shares of Franco-Nevada from C$119.00 to C$121.00 in a report on Tuesday, November 7th. Bank of America increased their price target on shares of Franco-Nevada from C$107.00 to C$110.00 in a report on Friday, September 8th. Finally, Eight Capital reissued a “neutral” rating on shares of Franco-Nevada in a research report on Thursday, November 16th. One investment 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. The company has a consensus rating of “Hold” and a consensus target price of C$109.06.
Franco-Nevada (TSE FNV) traded down C$0.71 during trading hours on Tuesday, hitting C$98.11. The stock had a trading volume of 452,631 shares, compared to its average volume of 470,883. Franco-Nevada has a 52-week low of C$71.44 and a 52-week high of C$110.18.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be paid a $0.296 dividend. This represents a $1.18 annualized dividend and a yield of 1.21%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, December 6th. Franco-Nevada’s dividend payout ratio (DPR) is 87.38%.
In other Franco-Nevada news, insider Lloyd Hyunsoo Hong sold 4,000 shares of Franco-Nevada stock in a transaction 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 Franco-Nevada stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of C$99.33, for a total transaction of C$496,650.00.
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Franco-Nevada 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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