Franco Nevada Corp (NYSE:FNV) (TSE:FNV) has received a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $98.20.

FNV has been the topic of several recent analyst reports. ValuEngine lowered shares of Franco Nevada from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. Desjardins raised shares of Franco Nevada from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Macquarie lowered shares of Franco Nevada from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 10th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Franco Nevada in a research note on Monday, September 10th. Finally, TD Securities set a $93.00 price target on shares of Franco Nevada and gave the company a “buy” rating in a research note on Tuesday, August 7th.

FNV stock opened at $61.74 on Friday. Franco Nevada has a 52-week low of $58.26 and a 52-week high of $86.06. The stock has a market cap of $11.72 billion, a PE ratio of 57.17, a PEG ratio of 13.18 and a beta of -0.19.

Franco Nevada (NYSE:FNV) (TSE:FNV) last posted its earnings results on Wednesday, August 8th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Franco Nevada had a net margin of 32.94% and a return on equity of 4.80%. The business had revenue of $161.30 million for the quarter, compared to analyst estimates of $169.46 million. During the same period in the prior year, the company posted $0.25 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. research analysts predict that Franco Nevada will post 1.19 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, September 13th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Wednesday, September 12th. Franco Nevada’s dividend payout ratio is presently 88.89%.

A number of institutional investors have recently modified their holdings of FNV. Wells Fargo & Company MN lifted its stake in Franco Nevada by 6.8% in the 1st quarter. Wells Fargo & Company MN now owns 14,654 shares of the basic materials company’s stock valued at $1,002,000 after buying an additional 939 shares in the last quarter. Aperio Group LLC lifted its stake in Franco Nevada by 33.5% in the 1st quarter. Aperio Group LLC now owns 75,209 shares of the basic materials company’s stock valued at $5,144,000 after buying an additional 18,876 shares in the last quarter. Stevens Capital Management LP purchased a new position in Franco Nevada in the 1st quarter valued at about $366,000. Korea Investment CORP raised its holdings in Franco Nevada by 85.7% in the 1st quarter. Korea Investment CORP now owns 22,641 shares of the basic materials company’s stock valued at $1,544,000 after acquiring an additional 10,451 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Franco Nevada by 2.8% in the 1st quarter. Northern Trust Corp now owns 137,344 shares of the basic materials company’s stock valued at $9,393,000 after acquiring an additional 3,735 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

About Franco Nevada

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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