Franco-Nevada Co. Announces Quarterly Dividend of $0.49 (TSE:FNV)

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Thursday, December 5th will be given a dividend of 0.487 per share on Thursday, December 19th. This represents a $1.95 annualized dividend and a dividend yield of ∞. The ex-dividend date is Thursday, December 5th.

Franco-Nevada Stock Performance

The company has a market capitalization of C$33.72 billion, a price-to-earnings ratio of -41.82, a P/E/G ratio of 5.00 and a beta of 0.68. The firm’s fifty day moving average is C$172.40 and its 200-day moving average is C$169.39. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$191.17.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$1.03 earnings per share for the quarter, missing the consensus estimate of C$1.07 by C($0.04). The company had revenue of C$355.88 million for the quarter. Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. Equities research analysts predict that Franco-Nevada will post 3.1114111 earnings per share for the current fiscal year.

Insider Transactions at Franco-Nevada

In other news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the stock in a transaction dated Monday, September 16th. The shares were purchased at an average cost of C$168.95 per share, with a total value of C$136,001.53. Following the completion of the acquisition, the director now owns 805 shares in the company, valued at C$136,001.53. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

FNV has been the subject of several research reports. BMO Capital Markets increased their price target on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Canaccord Genuity Group upped their price objective on shares of Franco-Nevada from C$177.00 to C$190.00 in a report on Tuesday, July 23rd. National Bankshares dropped their price objective on shares of Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. Finally, Stifel Nicolaus upped their price objective on shares of Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$192.80.

About Franco-Nevada

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.