Franco Nevada Corp’s (FNV) Neutral Rating Reiterated at Eight Capital
Several other analysts have also weighed in on FNV. Canaccord Genuity increased their price target on Franco Nevada Corp from C$119.00 to C$121.00 in a report on Tuesday, November 7th. National Bank Financial increased their price target on Franco Nevada Corp from C$100.00 to C$107.50 and gave the company a sector perform rating in a report on Tuesday, November 7th. CIBC increased their price target on Franco Nevada Corp from C$105.00 to C$110.00 in a report on Thursday, August 10th. Scotiabank increased their price target on Franco Nevada Corp to C$108.00 and gave the company a sector perform rating in a report on Tuesday, November 7th. Finally, Royal Bank Of Canada increased their price target on Franco Nevada Corp from C$100.00 to C$116.00 and gave the company an outperform rating in a report on Tuesday, November 14th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Franco Nevada Corp presently has an average rating of Hold and an average target price of C$109.00.
Shares of Franco Nevada Corp (TSE:FNV) opened at C$107.71 on Thursday. Franco Nevada Corp has a twelve month low of C$71.44 and a twelve month high of C$109.25.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be paid a $0.296 dividend. This is a positive change from Franco Nevada Corp’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $1.18 dividend on an annualized basis and a yield of 1.10%. Franco Nevada Corp’s dividend payout ratio (DPR) is presently 88.24%.
In other Franco Nevada Corp news, insider Kerry Elwyn Sparkes sold 643 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of C$103.36, for a total value of C$66,460.48.
Franco Nevada Corp Company Profile
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
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