Desjardins reaffirmed their sell rating on shares of Franco Nevada (NYSE:FNV) (TSE:FNV) in a research note released on Monday. Desjardins also issued estimates for Franco Nevada’s FY2021 earnings at $1.55 EPS.

Other equities research analysts have also issued reports about the company. TD Securities set a $92.00 price objective on Franco Nevada and gave the stock a buy rating in a research report on Thursday, October 19th. Scotiabank lifted their price objective on Franco Nevada from $79.50 to $82.00 and gave the stock a sector perform rating in a research report on Friday, September 8th. Canaccord Genuity reiterated a buy rating and issued a $121.00 price objective on shares of Franco Nevada in a research report on Tuesday, November 7th. Royal Bank of Canada reiterated an outperform rating on shares of Franco Nevada in a research report on Thursday, September 7th. Finally, Zacks Investment Research upgraded Franco Nevada from a hold rating to a buy rating and set a $94.00 price objective on the stock in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $85.70.

Franco Nevada (NYSE:FNV) opened at $76.36 on Monday. Franco Nevada has a 1 year low of $53.31 and a 1 year high of $86.06. The stock has a market capitalization of $14,460.76, a P/E ratio of 74.86, a P/E/G ratio of 18.36 and a beta of -0.14.

Franco Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. Franco Nevada had a return on equity of 4.31% and a net margin of 22.12%. The business had revenue of $171.50 million for the quarter, compared to analyst estimates of $167.07 million. During the same period last year, the company earned $0.30 EPS. Franco Nevada’s revenue for the quarter was down .3% compared to the same quarter last year. equities analysts forecast that Franco Nevada will post 1.06 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Wednesday, December 6th. Franco Nevada’s payout ratio is presently 116.46%.

A number of large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC raised its stake in Franco Nevada by 0.8% during the second quarter. Janney Montgomery Scott LLC now owns 3,642 shares of the basic materials company’s stock valued at $263,000 after buying an additional 30 shares during the last quarter. Korea Investment CORP raised its stake in shares of Franco Nevada by 1.9% in the second quarter. Korea Investment CORP now owns 11,234 shares of the basic materials company’s stock worth $809,000 after purchasing an additional 212 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Franco Nevada by 0.8% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 46,050 shares of the basic materials company’s stock worth $3,324,000 after purchasing an additional 350 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Franco Nevada by 9.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 5,349 shares of the basic materials company’s stock worth $386,000 after purchasing an additional 444 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its stake in shares of Franco Nevada by 0.3% in the third quarter. Segall Bryant & Hamill LLC now owns 231,567 shares of the basic materials company’s stock worth $17,942,000 after purchasing an additional 650 shares during the last quarter. Institutional investors and hedge funds own 61.48% of the company’s stock.

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Franco Nevada 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.

Analyst Recommendations for Franco Nevada (NYSE:FNV)

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