Deutsche Bank Analysts Give Franco Nevada (NYSE:FNV) a $81.00 Price Target

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Deutsche Bank set a $81.00 price target on Franco Nevada (NYSE:FNV) (TSE:FNV) in a research note released on Thursday, Stock Target Advisor reports. The brokerage currently has a hold rating on the basic materials company’s stock.

A number of other equities analysts also recently weighed in on FNV. TD Securities cut their price target on shares of Total Energy Services from C$11.50 to C$10.00 and set a hold rating on the stock in a research note on Friday, May 10th. ValuEngine raised shares of Zumiez from a sell rating to a hold rating in a research note on Saturday, June 22nd. BMO Capital Markets reaffirmed a buy rating on shares of Brookfield Asset Management in a research note on Friday, April 5th. Raymond James reaffirmed a buy rating on shares of Canadian Natural Resources in a research note on Friday, May 10th. Finally, Zacks Investment Research downgraded shares of HyreCar from a hold rating to a sell rating in a research note on Thursday, March 14th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Franco Nevada currently has an average rating of Hold and an average price target of $84.79.

NYSE:FNV opened at $85.79 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.14 and a current ratio of 4.14. The stock has a market capitalization of $16.06 billion, a P/E ratio of 73.32, a P/E/G ratio of 16.01 and a beta of 0.07. Franco Nevada has a fifty-two week low of $58.26 and a fifty-two week high of $86.95. The stock’s 50 day moving average is $80.28.

Franco Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.07. The company had revenue of $179.80 million for the quarter, compared to the consensus estimate of $166.15 million. Franco Nevada had a net margin of 21.16% and a return on equity of 4.64%. As a group, research analysts anticipate that Franco Nevada will post 1.34 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were given a $0.25 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.17%. This is a positive change from Franco Nevada’s previous quarterly dividend of $0.24. Franco Nevada’s dividend payout ratio is presently 85.47%.

Several institutional investors have recently added to or reduced their stakes in FNV. Bank of New York Mellon Corp grew its holdings in shares of Franco Nevada by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 259,301 shares of the basic materials company’s stock worth $18,194,000 after acquiring an additional 3,279 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Franco Nevada by 3.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,672 shares of the basic materials company’s stock worth $1,520,000 after acquiring an additional 729 shares during the period. Advisor Group Inc. grew its holdings in shares of Franco Nevada by 15.9% in the fourth quarter. Advisor Group Inc. now owns 6,488 shares of the basic materials company’s stock worth $455,000 after acquiring an additional 891 shares during the period. Northern Trust Corp grew its holdings in shares of Franco Nevada by 7.3% in the fourth quarter. Northern Trust Corp now owns 150,384 shares of the basic materials company’s stock worth $10,552,000 after acquiring an additional 10,277 shares during the period. Finally, NumerixS Investment Technologies Inc bought a new stake in shares of Franco Nevada in the fourth quarter worth $49,000. 65.07% of the stock is owned by institutional investors.

Franco Nevada Company Profile

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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Analyst Recommendations for Franco Nevada (NYSE:FNV)

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