Franco Nevada Corp (FNV) Given “Neutral” Rating at Eight Capital

Eight Capital reiterated their neutral rating on shares of Franco Nevada Corp (TSE:FNV) (NYSE:FNV) in a research report report published on Thursday.

Other equities research analysts have also issued research reports about the company. CIBC boosted their price target on Franco Nevada Corp from C$110.00 to C$120.00 in a research note on Tuesday, November 7th. Canaccord Genuity boosted their price target on Franco Nevada Corp from C$119.00 to C$121.00 in a research note on Tuesday, November 7th. Bank of America Corporation boosted their price target on Franco Nevada Corp from C$107.00 to C$110.00 in a research note on Friday, September 8th. TD Securities boosted their price target on Franco Nevada Corp to C$123.50 and gave the stock a buy rating in a research note on Tuesday, November 7th. Finally, Royal Bank Of Canada boosted their price target on Franco Nevada Corp from C$100.00 to C$116.00 and gave the stock an outperform rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Franco Nevada Corp presently has an average rating of Hold and an average target price of C$109.00.

Shares of Franco Nevada Corp (TSE:FNV) traded down C$0.51 during mid-day trading on Thursday, hitting C$107.71. The stock had a trading volume of 431,949 shares, compared to its average volume of 471,902. Franco Nevada Corp has a 1-year low of C$71.44 and a 1-year high of C$109.25.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be issued a dividend of $0.296 per share. This is an increase from Franco Nevada Corp’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, December 6th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.10%. Franco Nevada Corp’s payout ratio is 88.24%.

In related news, insider Kerry Elwyn Sparkes sold 643 shares of Franco Nevada Corp stock in a transaction dated 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.

Analyst Recommendations for Franco Nevada Corp (TSE:FNV)

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