Franco Nevada Corp (TSE:FNV) (NYSE:FNV) – Stock analysts at Desjardins boosted their Q2 2018 earnings estimates for Franco Nevada in a research note issued on Saturday, June 23rd. Desjardins analyst J. Wolfson now expects that the company will post earnings per share of $0.44 for the quarter, up from their previous estimate of $0.38. Desjardins also issued estimates for Franco Nevada’s Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $1.76 EPS, Q1 2019 earnings at $0.37 EPS, Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.43 EPS and FY2019 earnings at $1.61 EPS.
Franco Nevada (TSE:FNV) (NYSE:FNV) last released its earnings results on Wednesday, May 9th. The company reported C$0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.36 by C$0.07. The firm had revenue of C$218.82 million for the quarter, compared to the consensus estimate of C$207.86 million. Franco Nevada had a return on equity of 5.21% and a net margin of 34.99%.
A number of other research analysts have also weighed in on the stock. Canaccord Genuity cut their target price on shares of Franco Nevada from C$126.00 to C$122.00 in a research report on Thursday, March 8th. National Bank Financial boosted their target price on shares of Franco Nevada from C$105.00 to C$107.50 in a research report on Thursday, May 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$115.36.
Shares of Franco Nevada stock opened at C$92.39 on Tuesday. Franco Nevada has a 52 week low of C$85.21 and a 52 week high of C$110.18.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Thursday, June 14th will be issued a dividend of $0.308 per share. This is an increase from Franco Nevada’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, June 13th. This represents a $1.23 annualized dividend and a dividend yield of 1.33%.
About Franco Nevada
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Peru, Chile, Australia, and Africa. The company also holds interests in silver, platinum group metals, oil and gas, and other resource assets. As of December 31, 2017, it had a portfolio of 341 assets.
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