Franco Nevada (TSE:FNV) Given New C$146.00 Price Target at Canaccord Genuity

Franco Nevada (TSE:FNV) (NYSE:FNV) had its price target cut by Canaccord Genuity from C$148.00 to C$146.00 in a research note published on Wednesday, BayStreet.CA reports.

Separately, National Bank Financial boosted their price objective on shares of Franco Nevada from C$145.00 to C$150.00 and gave the stock a sector perform rating in a research note on Friday, January 10th.

Shares of Franco Nevada stock traded down C$0.23 during trading on Wednesday, hitting C$136.95. 144,653 shares of the stock were exchanged, compared to its average volume of 389,537. The stock has a market capitalization of $25.87 billion and a price-to-earnings ratio of 128.35. The company has a fifty day moving average price of C$131.38 and a 200-day moving average price of C$124.95. Franco Nevada has a 1-year low of C$90.50 and a 1-year high of C$137.43. The company has a current ratio of 6.37, a quick ratio of 4.32 and a debt-to-equity ratio of 4.99.

Franco Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings data on Monday, November 11th. The company reported C$0.71 earnings per share for the quarter, topping the consensus estimate of C$0.59 by C$0.12. The firm had revenue of C$311.18 million for the quarter, compared to analyst estimates of C$286.98 million. Equities research analysts forecast that Franco Nevada will post 2.0999999 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.329 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.32 annualized dividend and a dividend yield of 0.96%. Franco Nevada’s dividend payout ratio is presently 91.85%.

In related news, Senior Officer Paul Brink sold 3,776 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$129.60, for a total value of C$489,369.60. Following the transaction, the insider now owns 210,695 shares in the company, valued at approximately C$27,306,072. Also, Director John Blanchette sold 6,667 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of C$133.73, for a total transaction of C$891,559.91. Following the completion of the transaction, the director now owns 51 shares in the company, valued at approximately C$6,820.09. Insiders have sold a total of 63,749 shares of company stock worth $8,301,088 over the last 90 days.

About Franco Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.

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