Franco-Nevada (TSE:FNV) PT Lowered to C$199.00 at Raymond James


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Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective cut by Raymond James to C$199.00 in a report issued on Wednesday, Stock Target Advisor reports. They currently have an outperform rating on the stock. Raymond James also issued estimates for Franco-Nevada’s Q1 2022 earnings at $0.96 EPS, Q2 2022 earnings at $0.96 EPS, Q3 2022 earnings at $0.96 EPS, Q4 2022 earnings at $0.96 EPS and FY2022 earnings at $3.86 EPS.

Several other brokerages also recently commented on FNV. JPMorgan Chase & Co. upped their price objective on shares of Franco-Nevada from C$198.00 to C$205.00 and gave the company a neutral rating in a research note on Monday, March 15th. CIBC lowered their price objective on shares of Franco-Nevada from C$251.50 to C$230.00 in a research note on Monday, February 8th. Bank of America upped their price objective on shares of Franco-Nevada from C$188.00 to C$193.00 and gave the company a na rating in a research note on Monday, March 15th. Canaccord Genuity lowered their price objective on shares of Franco-Nevada from C$205.00 to C$200.00 in a research note on Tuesday, February 9th. Finally, National Bank Financial reduced their price target on shares of Franco-Nevada from C$210.00 to C$205.00 and set a sector perform rating on the stock in a research report on Friday, March 12th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Franco-Nevada currently has an average rating of Hold and an average price target of C$187.20.

Franco-Nevada stock opened at C$165.69 on Wednesday. The company has a market capitalization of C$31.64 billion and a PE ratio of 96.89. The firm has a fifty day simple moving average of C$148.89 and a two-hundred day simple moving average of C$165.48. The company has a quick ratio of 11.80, a current ratio of 12.48 and a debt-to-equity ratio of 1.63. Franco-Nevada has a twelve month low of C$133.63 and a twelve month high of C$222.15.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings data on Wednesday, March 10th. The company reported C$1.11 EPS for the quarter, beating the consensus estimate of C$0.88 by C$0.23. The firm had revenue of C$396.88 million for the quarter, compared to the consensus estimate of C$334.90 million. As a group, equities analysts expect that Franco-Nevada will post 3.493046 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were given a dividend of $0.332 per share. This represents a $1.33 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Wednesday, March 10th. Franco-Nevada’s dividend payout ratio is currently 45.03%.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, Europe, and Africa, and internationally. It operates through two segment, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids.

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Analyst Recommendations for Franco-Nevada (TSE:FNV)

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