Franco-Nevada Co. (NYSE:FNV) Given Average Rating of "Hold" by Brokerages

Shares of Franco-Nevada Co. (NYSE:FNV - Get Rating) (TSE:FNV) have been given an average rating of "Hold" by the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One…

Franco-Nevada Co. (NYSE:FNV) Given Average Rating of "Hold" by Brokerages

Shares of Franco-Nevada Co. (NYSE:FNV - Get Rating) (TSE:FNV) have been given an average rating of "Hold" by the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $162.00. The Goldman Sachs Group began coverage on shares of Franco-Nevada in a research note on Monday, September 12th. They set a "neutral" rating for the company. Barclays lowered their target price on shares of Franco-Nevada from $112.00 to $111.00 and set an "underweight" rating for the company in a report on Monday, October 17th. National Bank Financial cut their price objective on shares of Franco-Nevada from C$205.00 to C$190.00 in a research report on Thursday, October 13th. Finally, StockNews.com assumed coverage on shares of Franco-Nevada in a research report on Wednesday, October 12th. They set a "hold" rating on the stock. Marketfield Asset Management LLC bought a new stake in shares of Franco-Nevada in the 2nd quarter worth approximately $4,560,000. Gyroscope Capital Management Group LLC purchased a new stake in shares of Franco-Nevada in the 2nd quarter worth about $237,000. Crossmark Global Holdings Inc. grew its position in shares of Franco-Nevada by 4.2% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 17,938 shares of the basic materials company's stock worth $2,360,000 after buying an additional 727 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Franco-Nevada by 44.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 23,006 shares of the basic materials company's stock worth $3,027,000 after buying an additional 7,049 shares during the period. Finally, Walker Asset Management LLC purchased a new stake in Franco-Nevada during the 2nd quarter valued at about $2,934,000. 66.69% of the stock is currently owned by institutional investors. The company has a market cap of $26.60 billion, a P/E ratio of 35.14, a P/E/G ratio of 9.26 and a beta of 0.64. The stock's 50-day moving average is $134.92 and its 200-day moving average is $129.77. Franco-Nevada has a 52-week low of $109.70 and a 52-week high of $169.32. The basic materials company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. Franco-Nevada had a net margin of 57.18% and a return on equity of 11.27%. The business had revenue of $304.20 million during the quarter. As a group, equities analysts predict that Franco-Nevada will post 3.67 EPS for the current year. Shareholders of record on Thursday, December 8th were paid a $0.32 dividend. The ex-dividend date was Wednesday, December 7th. This represents a $1.28 dividend on an annualized basis and a yield of 0.92%. Franco-Nevada's dividend payout ratio is presently 32.41%. It operates in two segments, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to EMAIL. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Franco-Nevada wasn't on the list.