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, 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%.

TRADEMARK VIOLATION WARNING: This story was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at

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.

Stock Target Prices

Analyst Recommendations for Franco-Nevada (TSE:FNV)

Receive News & Ratings for Franco-Nevada Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada Co. and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply