Franco Nevada (TSE:FNV) (NYSE:FNV) had its target price boosted by Canaccord Genuity from C$125.00 to C$126.00 in a report published on Tuesday. They currently have a buy rating on the stock.
Several other equities research analysts also recently weighed in on FNV. CIBC upped their target price on Franco Nevada from C$110.00 to C$120.00 in a research report on Tuesday, November 7th. National Bank Financial upped their target price on Franco Nevada from C$100.00 to C$107.50 and gave the stock a sector perform rating in a research report on Tuesday, November 7th. Scotiabank upped their target price on Franco Nevada to C$108.00 and gave the stock a sector perform rating in a research report on Tuesday, November 7th. TD Securities upped their target price on Franco Nevada to C$123.50 and gave the stock a buy rating in a research report on Tuesday, November 7th. Finally, Royal Bank of Canada upped their target price on Franco Nevada from C$100.00 to C$116.00 and gave the stock an outperform rating in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of C$115.21.
Shares of Franco Nevada (FNV) opened at C$93.63 on Tuesday. Franco Nevada has a 1 year low of C$81.01 and a 1 year high of C$110.18. The stock has a market capitalization of $17,220.00, a PE ratio of 92.83 and a beta of -0.53.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a $0.283 dividend. This represents a $1.13 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, March 14th. Franco Nevada’s payout ratio is 90.00%.
In related news, insider Lloyd Hyunsoo Hong sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was 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 business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of C$99.33, for a total value of C$496,650.00. Insiders sold 29,000 shares of company stock valued at $2,843,090 in the last ninety days.
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About Franco Nevada
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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