Franco Nevada Corp (TSE:FNV) (NYSE:FNV) – National Bank Financial lowered their FY2018 EPS estimates for Franco Nevada in a research note issued on Wednesday. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $1.40 for the year, down from their previous estimate of $1.50. National Bank Financial currently has a “Sector Perform” rating and a $100.00 price target on the stock. National Bank Financial also issued estimates for Franco Nevada’s FY2020 earnings at $1.73 EPS.
FNV has been the subject of several other research reports. Royal Bank of Canada boosted their price objective on shares of Franco Nevada from C$100.00 to C$116.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. Canaccord Genuity boosted their price objective on shares of Franco Nevada from C$121.00 to C$125.00 in a research report on Friday, January 19th. Eight Capital restated a “neutral” rating on shares of Franco Nevada in a research report on Thursday, November 16th. Desjardins restated a “sell” rating on shares of Franco Nevada in a research report on Monday, December 11th. Finally, TD Securities dropped their price objective on shares of Franco Nevada to C$124.00 and set a “buy” rating for the company in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$114.29.
Franco Nevada (TSE:FNV) opened at C$87.25 on Monday. Franco Nevada has a 1 year low of C$81.71 and a 1 year high of C$110.18. The firm has a market cap of $16,180.00, a P/E ratio of 63.69 and a beta of -0.44.
In other Franco Nevada news, insider Lloyd Hyunsoo Hong sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of C$96.81, for a total transaction of C$387,240.00. Also, Director David Harquail sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of C$99.33, for a total transaction of C$496,650.00. Insiders have sold a total of 29,000 shares of company stock valued at $2,843,090 in the last quarter.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.283 per share. This represents a $1.13 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Wednesday, March 14th. Franco Nevada’s payout ratio is 65.69%.
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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