Franco-Nevada (TSE:FNV) Price Target Lowered to C$190.00 at Canaccord Genuity Group

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective cut by Canaccord Genuity Group from C$198.00 to C$190.00 in a report released on Monday morning,BayStreet.CA reports.

A number of other equities analysts have also weighed in on FNV. CIBC dropped their target price on shares of Franco-Nevada from C$265.00 to C$235.00 in a research report on Friday, November 8th. Stifel Nicolaus increased their price objective on shares of Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. TD Securities raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, National Bankshares cut their price target on Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$189.80.

Franco-Nevada Stock Performance

Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$191.17. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. The company has a market cap of C$31.95 billion, a P/E ratio of -39.42, a PEG ratio of 5.00 and a beta of 0.68. The company’s 50-day simple moving average is C$171.92 and its 200 day simple moving average is C$169.41.

Franco-Nevada Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.487 per share. This represents a $1.95 annualized dividend and a dividend yield of ∞. The ex-dividend date is Thursday, December 5th. Franco-Nevada’s dividend payout ratio is currently -46.30%.

Insider Buying and Selling

In other news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were bought at an average cost of C$168.95 per share, for a total transaction of C$136,001.53. Following the acquisition, the director now owns 805 shares of the company’s stock, valued at approximately C$136,001.53. This trade represents a ∞ increase in their position. 0.69% of the stock is owned by corporate insiders.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.