Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) – Stock analysts at National Bank Financial dropped their FY2016 earnings per share estimates for shares of Franco-Nevada Corporation in a research report issued to clients and investors on Monday. National Bank Financial analyst S. Nagle now anticipates that the firm will earn $0.90 per share for the year, down from their prior estimate of $0.99. National Bank Financial also issued estimates for Franco-Nevada Corporation’s Q4 2016 earnings at $0.21 EPS and FY2017 earnings at $0.99 EPS.

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Earnings History and Estimates for Franco-Nevada Corporation (NYSE:FNV)

A number of other equities research analysts also recently commented on the company. Deutsche Bank AG downgraded Franco-Nevada Corporation from a “buy” rating to a “hold” rating and cut their price objective for the company from $74.00 to $66.00 in a research report on Tuesday, December 20th. Vetr downgraded Franco-Nevada Corporation from a “hold” rating to a “sell” rating and set a $65.43 price objective for the company. in a research report on Thursday, November 3rd. Desjardins started coverage on Franco-Nevada Corporation in a research report on Wednesday, October 26th. They set a “buy” rating for the company. Credit Suisse Group upgraded Franco-Nevada Corporation from a “neutral” rating to an “outperform” rating and set a $79.00 price objective for the company in a research report on Friday, January 13th. Finally, Zacks Investment Research downgraded Franco-Nevada Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $77.72.

Franco-Nevada Corporation (NYSE:FNV) opened at 68.42 on Thursday. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 122.84 and a beta of 0.08. Franco-Nevada Corporation has a 52-week low of $53.31 and a 52-week high of $81.16. The company has a 50-day moving average of $64.42 and a 200 day moving average of $66.11.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Thursday, March 16th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, March 14th. Franco-Nevada Corporation’s dividend payout ratio (DPR) is currently 169.23%.

“FY2016 Earnings Estimate for Franco-Nevada Corporation (FNV) Issued By National Bank Financial” was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The correct version of this news story can be viewed at http://www.watchlistnews.com/fy2016-earnings-estimate-for-franco-nevada-corporation-fnv-issued-by-national-bank-financial/1121488.html.

Hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc increased its stake in shares of Franco-Nevada Corporation by 15.3% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the company’s stock valued at $100,000 after buying an additional 175 shares during the period. Hillsdale Investment Management Inc. increased its stake in shares of Franco-Nevada Corporation by 18.2% in the second quarter. Hillsdale Investment Management Inc. now owns 3,250 shares of the company’s stock valued at $247,000 after buying an additional 500 shares during the period. Stifel Financial Corp increased its stake in shares of Franco-Nevada Corporation by 211.8% in the second quarter. Stifel Financial Corp now owns 60,195 shares of the company’s stock valued at $4,578,000 after buying an additional 40,890 shares during the period. Legal & General Group Plc increased its stake in shares of Franco-Nevada Corporation by 8.2% in the second quarter. Legal & General Group Plc now owns 905,524 shares of the company’s stock valued at $68,497,000 after buying an additional 68,263 shares during the period. Finally, Numeric Investors LLC purchased a new stake in shares of Franco-Nevada Corporation during the second quarter valued at about $416,000. 65.32% of the stock is currently owned by institutional investors.

Franco-Nevada Corporation Company Profile

Franco-Nevada Corp (Franco-Nevada) is a Canada-based gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. It operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.

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