Franco Nevada Corp (TSE:FNV) (NYSE:FNV) has earned a consensus rating of “Buy” from the twelve analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$99.43.
Several research firms have weighed in on FNV. Bank of America Corporation raised their price objective on shares of Franco Nevada Corp from C$107.00 to C$110.00 in a research report on Friday, September 8th. Scotiabank raised their price objective on shares of Franco Nevada Corp to C$100.00 and gave the company a “sector perform” rating in a research report on Friday, September 8th. Canaccord Genuity raised their price objective on shares of Franco Nevada Corp from C$114.00 to C$118.00 in a research report on Friday, September 29th. Finally, CIBC raised their price objective on shares of Franco Nevada Corp from C$105.00 to C$110.00 in a research report on Thursday, August 10th.
Franco Nevada Corp (TSE:FNV) traded up 0.09% on Friday, hitting $99.39. 378,192 shares of the stock traded hands. The stock has a 50-day moving average price of $99.52 and a 200 day moving average price of $95.39. The stock has a market cap of $18.43 billion and a P/E ratio of 125.33. Franco Nevada Corp has a 12-month low of $71.44 and a 12-month high of $104.00.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th were given a dividend of $0.23 per share. This is a boost from Franco Nevada Corp’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, September 13th. This represents a $0.92 annualized dividend and a dividend yield of 0.93%.
In other news, Director Derek Watson Evans sold 65,000 shares of Franco Nevada Corp stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of C$99.81, for a total transaction of C$6,487,650.00. Also, insider Kerry Elwyn Sparkes sold 643 shares of Franco Nevada Corp stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of C$103.36, for a total transaction of C$66,460.48.
About Franco Nevada Corp
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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