Franco-Nevada (FNV) Given New C$124.00 Price Target at TD Securities

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target trimmed by TD Securities to C$124.00 in a research report sent to investors on Friday, StockTargetPrices.com reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. Bank of America upped their target price on Franco-Nevada from C$107.00 to C$110.00 in a report on Friday, September 8th. CIBC upped their target price on Franco-Nevada from C$105.00 to C$110.00 in a report on Thursday, August 10th. Canaccord Genuity upped their target price on Franco-Nevada from C$111.00 to C$114.00 in a report on Wednesday, August 9th. Eight Capital reaffirmed a neutral rating on shares of Franco-Nevada in a report on Thursday, November 16th. Finally, Royal Bank Of Canada upped their target price on Franco-Nevada from C$100.00 to C$116.00 and gave the company an outperform rating in a report on Tuesday, November 14th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of C$109.06.

Franco-Nevada (FNV) opened at C$99.81 on Friday. Franco-Nevada has a twelve month low of C$71.44 and a twelve month high of C$110.18.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be issued a dividend of $0.296 per share. This represents a $1.18 annualized dividend and a yield of 1.19%. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, December 6th. Franco-Nevada’s dividend payout ratio is 87.38%.

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About Franco-Nevada

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.

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