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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors 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 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, December 5th.

Franco-Nevada Stock Down 0.1 %

TSE:FNV opened at C$174.98 on Friday. The company has a market capitalization of C$33.67 billion, a price-to-earnings ratio of -41.82, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. Franco-Nevada has a one year low of C$139.19 and a one year high of C$191.17. The stock has a 50-day simple moving average of C$172.40 and a 200 day simple moving average of 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 (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing analysts’ consensus estimates of C$1.07 by C($0.04). The firm had revenue of C$355.88 million during the quarter. Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. Sell-side analysts predict that Franco-Nevada will post 3.1114111 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FNV. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Stifel Nicolaus lifted their target price on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. National Bankshares decreased their target price on Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. BMO Capital Markets lifted their target price on Franco-Nevada from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Finally, Canaccord Genuity Group lifted their target price on Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Franco-Nevada presently has a consensus rating of “Moderate Buy” and an average target price of C$192.80.

Insider Activity

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were bought at an average price 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 approximately C$136,001.53. Corporate insiders own 0.69% of the company’s stock.

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.