Equities research analysts predict that Franco Nevada Corp (NYSE:FNV) (TSE:FNV) will post $173.62 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Franco Nevada’s earnings, with estimates ranging from $165.00 million to $182.14 million. Franco Nevada posted sales of $161.30 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.6%. The business is expected to issue its next earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that Franco Nevada will report full-year sales of $747.61 million for the current financial year, with estimates ranging from $677.00 million to $821.00 million. For the next fiscal year, analysts expect that the business will post sales of $855.99 million, with estimates ranging from $818.00 million to $898.44 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Franco Nevada.

Franco Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Wednesday, May 8th. The basic materials company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.28 by $0.07. Franco Nevada had a return on equity of 4.64% and a net margin of 21.16%. The business had revenue of $179.80 million during the quarter, compared to analysts’ expectations of $166.15 million.

A number of research firms have recently weighed in on FNV. Royal Bank of Canada lowered Franco Nevada from an “outperform” rating to a “sector perform” rating and set a $75.54 target price on the stock. in a report on Wednesday, May 22nd. Barclays downgraded Franco Nevada from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $74.00 to $73.00 in a research report on Tuesday, April 9th. TD Securities decreased their target price on Franco Nevada from $93.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Deutsche Bank lifted their price target on Franco Nevada from $73.50 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, April 10th. Finally, Raymond James restated an “outperform” rating and set a $88.00 target price on shares of Franco Nevada in a research report on Thursday, March 21st. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $83.93.

Franco Nevada stock traded up $0.90 during mid-day trading on Wednesday, reaching $79.03. The stock had a trading volume of 32,671 shares, compared to its average volume of 444,156. Franco Nevada has a fifty-two week low of $58.26 and a fifty-two week high of $79.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.14 and a quick ratio of 4.14. The company has a 50-day simple moving average of $74.46. The stock has a market cap of $14.71 billion, a price-to-earnings ratio of 67.60, a PEG ratio of 14.94 and a beta of 0.03.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be issued a $0.25 dividend. This is a boost from Franco Nevada’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Wednesday, June 12th. Franco Nevada’s dividend payout ratio (DPR) is currently 85.47%.

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC grew its position in shares of Franco Nevada by 20.6% during the first quarter. Advisory Services Network LLC now owns 879 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 150 shares in the last quarter. Gulf International Bank UK Ltd grew its position in Franco Nevada by 7.3% in the first quarter. Gulf International Bank UK Ltd now owns 3,655 shares of the basic materials company’s stock worth $274,000 after acquiring an additional 250 shares in the last quarter. Stevens Capital Management LP grew its position in Franco Nevada by 6.8% in the first quarter. Stevens Capital Management LP now owns 4,119 shares of the basic materials company’s stock worth $309,000 after acquiring an additional 261 shares in the last quarter. Belpointe Asset Management LLC grew its position in Franco Nevada by 19.1% in the first quarter. Belpointe Asset Management LLC now owns 1,773 shares of the basic materials company’s stock worth $133,000 after acquiring an additional 284 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Franco Nevada by 57.7% in the fourth quarter. Parallel Advisors LLC now owns 793 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 290 shares in the last quarter. 65.07% of the stock is currently owned by institutional investors.

Franco Nevada Company Profile

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

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