Franco-Nevada (NYSE:FNV) Receives Buy Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of Franco-Nevada (NYSE:FNV) (TSE:FNV) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $155.00 target price on the basic materials company’s stock.

Several other equities analysts have also recently issued reports on the company. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Scotiabank decreased their price target on Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a report on Friday, November 8th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Jefferies Financial Group cut their price objective on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Finally, UBS Group initiated coverage on shares of Franco-Nevada in a research note on Monday, November 18th. They set a “buy” rating and a $160.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $145.33.

Franco-Nevada Trading Up 4.0 %

Shares of NYSE:FNV opened at $136.30 on Tuesday. Franco-Nevada has a twelve month low of $103.64 and a twelve month high of $137.76. The company’s 50 day moving average is $123.15 and its 200 day moving average is $124.20. The company has a market cap of $26.24 billion, a PE ratio of -43.13, a price-to-earnings-growth ratio of 7.08 and a beta of 0.72.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). The business had revenue of $275.70 million during the quarter, compared to analyst estimates of $279.11 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The firm’s revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. Equities research analysts predict that Franco-Nevada will post 3.18 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, December 5th. This represents a $1.44 annualized dividend and a dividend yield of 1.06%. Franco-Nevada’s dividend payout ratio (DPR) is presently -45.57%.

Institutional Investors Weigh In On Franco-Nevada

Institutional investors have recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new stake in shares of Franco-Nevada in the fourth quarter worth approximately $47,000. Sunbelt Securities Inc. boosted its stake in Franco-Nevada by 3,333.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 400 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Franco-Nevada during the third quarter worth $52,000. Erste Asset Management GmbH purchased a new stake in shares of Franco-Nevada during the third quarter worth $55,000. Finally, Principal Securities Inc. raised its position in shares of Franco-Nevada by 290.5% in the fourth quarter. Principal Securities Inc. now owns 863 shares of the basic materials company’s stock valued at $101,000 after buying an additional 642 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.