Equities research analysts expect Franco Nevada Corp (NYSE:FNV) (TSE:FNV) to post $0.52 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Franco Nevada’s earnings, with estimates ranging from $0.47 to $0.57. Franco Nevada posted earnings per share of $0.24 in the same quarter last year, which would indicate a positive year over year growth rate of 116.7%. The business is scheduled to issue its next quarterly earnings report on Tuesday, March 17th.

On average, analysts expect that Franco Nevada will report full year earnings of $1.71 per share for the current year, with EPS estimates ranging from $1.54 to $1.79. For the next financial year, analysts forecast that the company will post earnings of $2.16 per share, with EPS estimates ranging from $1.94 to $2.38. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Franco Nevada.

Franco Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Monday, November 11th. The basic materials company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.09. The business had revenue of $235.70 million for the quarter, compared to analysts’ expectations of $223.73 million. Franco Nevada had a net margin of 27.17% and a return on equity of 5.78%. The business’s revenue was up 38.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 earnings per share.

Several research firms have recently issued reports on FNV. Deutsche Bank increased their price target on Franco Nevada from $81.00 to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. TD Securities lifted their price objective on Franco Nevada from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday. Canaccord Genuity reissued a “buy” rating on shares of Franco Nevada in a report on Friday, August 23rd. JPMorgan Chase & Co. lifted their price objective on Franco Nevada from $110.00 to $117.00 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Finally, CIBC reissued a “buy” rating and set a $143.00 price objective on shares of Franco Nevada in a report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $104.32.

A number of large investors have recently bought and sold shares of FNV. EdgePoint Investment Group Inc. grew its holdings in shares of Franco Nevada by 4.4% during the third quarter. EdgePoint Investment Group Inc. now owns 436,296 shares of the basic materials company’s stock valued at $39,757,000 after buying an additional 18,436 shares during the last quarter. Signition LP acquired a new position in shares of Franco Nevada during the third quarter valued at about $310,000. Tower Research Capital LLC TRC lifted its position in shares of Franco Nevada by 259.2% during the third quarter. Tower Research Capital LLC TRC now owns 10,026 shares of the basic materials company’s stock valued at $914,000 after purchasing an additional 7,235 shares in the last quarter. Veritas Investment Management UK Ltd lifted its position in shares of Franco Nevada by 0.3% during the third quarter. Veritas Investment Management UK Ltd now owns 294,826 shares of the basic materials company’s stock valued at $35,591,000 after purchasing an additional 791 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Franco Nevada by 125.5% during the third quarter. Parallel Advisors LLC now owns 868 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 483 shares in the last quarter. Institutional investors and hedge funds own 63.58% of the company’s stock.

Shares of NYSE FNV traded up $0.14 during trading on Friday, hitting $99.04. 597,892 shares of the company were exchanged, compared to its average volume of 556,992. The company has a market cap of $18.65 billion and a price-to-earnings ratio of 84.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.37 and a quick ratio of 2.67. Franco Nevada has a 1 year low of $66.45 and a 1 year high of $101.19. The firm’s fifty day moving average price is $94.61 and its 200 day moving average price is $87.62.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Wednesday, December 4th. Franco Nevada’s payout ratio is 85.47%.

About Franco Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.

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