Franco Nevada Corp (TSE:FNV) (NYSE:FNV) – Equities research analysts at National Bank Financial reduced their FY2018 earnings per share estimates for Franco Nevada in a report issued on Wednesday, according to Zacks Investment Research. National Bank Financial analyst S. Nagle now expects 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 target price on the stock. National Bank Financial also issued estimates for Franco Nevada’s FY2020 earnings at $1.73 EPS.
Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity increased their price objective on shares of Franco Nevada from C$121.00 to C$125.00 in a research note on Friday, January 19th. TD Securities lowered their price objective on shares of Franco Nevada to C$124.00 and set a “buy” rating on the stock in a research note on Friday, December 1st. Finally, Desjardins restated a “sell” rating on shares of Franco Nevada in a research note on Monday, December 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$114.29.
FNV stock opened at C$89.95 on Monday. Franco Nevada has a one year low of C$84.76 and a one year high of C$110.18. The firm has a market cap of $16,500.00, a P/E ratio of 65.66 and a beta of -0.44.
Franco Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings data on Wednesday, March 7th. The company reported C$0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.36. Franco Nevada had a net margin of 34.99% and a return on equity of 5.21%. The firm had revenue of C$212.36 million for the quarter, compared to analysts’ expectations of C$220.79 million.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.283 per share. This represents a $1.13 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Wednesday, March 14th. Franco Nevada’s payout ratio is 65.69%.
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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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