Analysts Set Franco Nevada Corp (FNV) Price Target at $91.86


Franco Nevada Corp (NYSE:FNV) (TSE:FNV) has received an average recommendation of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $95.17.


A number of brokerages recently issued reports on FNV. Macquarie cut Franco Nevada from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 10th. Clarkson Capital reiterated a “neutral” rating on shares of Franco Nevada in a report on Monday, April 2nd.

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A number of large investors have recently modified their holdings of FNV. BNP Paribas Arbitrage SA lifted its stake in Franco Nevada by 128.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,600 shares of the basic materials company’s stock valued at $109,000 after acquiring an additional 900 shares in the last quarter. Cerebellum GP LLC lifted its stake in Franco Nevada by 2,358.0% during the 2nd quarter. Cerebellum GP LLC now owns 2,458 shares of the basic materials company’s stock valued at $179,000 after acquiring an additional 2,358 shares in the last quarter. American International Group Inc. bought a new position in Franco Nevada during the 4th quarter valued at $197,000. Verition Fund Management LLC bought a new position in Franco Nevada during the 1st quarter valued at $201,000. Finally, Compagnie Lombard Odier SCmA lifted its stake in Franco Nevada by 52.6% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 2,900 shares of the basic materials company’s stock valued at $232,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 61.21% of the company’s stock.


Shares of Franco Nevada traded up $0.04, reaching $73.63, during trading hours on Tuesday, according to Marketbeat Ratings. The stock had a trading volume of 406,900 shares, compared to its average volume of 590,910. Franco Nevada has a 12 month low of $66.19 and a 12 month high of $86.06. The stock has a market cap of $13.62 billion, a P/E ratio of 68.35, a P/E/G ratio of 14.95 and a beta of -0.02.

Franco Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Wednesday, May 9th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. Franco Nevada had a return on equity of 4.67% and a net margin of 31.64%. The company had revenue of $173.10 million for the quarter, compared to analysts’ expectations of $169.26 million. During the same period last year, the business earned $0.25 EPS. Franco Nevada’s quarterly revenue was up .2% compared to the same quarter last year. analysts anticipate that Franco Nevada will post 1.22 earnings per share for the current fiscal year.


The company also recently announced a quarterly dividend, which was paid on Thursday, June 28th. Investors of record on Thursday, June 14th were issued a $0.24 dividend. This is a boost from Franco Nevada’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, June 13th. Franco Nevada’s dividend payout ratio (DPR) is currently 88.89%.

Franco Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Peru, Chile, Australia, and Africa. The company also holds interests in silver, platinum group metals, oil and gas, and other resource assets. As of December 31, 2017, it had a portfolio of 341 assets.

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Analyst Recommendations for Franco Nevada (NYSE:FNV)

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