National Bank Financial Comments on Franco-Nevada Corporation’s Q3 2017 Earnings (NYSE:FNV)
Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) – Equities research analysts at National Bank Financial reduced their Q3 2017 earnings per share (EPS) estimates for shares of Franco-Nevada Corporation in a report issued on Tuesday. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings of $0.26 per share for the quarter, down from their previous estimate of $0.27. National Bank Financial also issued estimates for Franco-Nevada Corporation’s Q4 2017 earnings at $0.26 EPS, FY2017 earnings at $1.02 EPS, FY2018 earnings at $1.12 EPS and FY2019 earnings at $1.22 EPS.
A number of other equities research analysts also recently issued reports on the stock. Deutsche Bank AG reissued a “hold” rating and issued a $64.00 price target (down from $65.00) on shares of Franco-Nevada Corporation in a research note on Sunday, June 25th. Zacks Investment Research raised shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Monday, July 24th. ValuEngine upgraded shares of Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub cut shares of Franco-Nevada Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Credit Suisse Group set a $80.00 price objective on shares of Franco-Nevada Corporation and gave the company a “buy” rating in a report on Wednesday, June 14th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Franco-Nevada Corporation has a consensus rating of “Buy” and a consensus price target of $78.89.
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Franco-Nevada Corporation (NYSE:FNV) opened at 77.66 on Friday. The stock’s 50 day moving average is $72.65 and its 200-day moving average is $69.09. Franco-Nevada Corporation has a 1-year low of $53.31 and a 1-year high of $80.00. The company has a market capitalization of $14.17 billion, a P/E ratio of 99.56 and a beta of -0.03.
Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Tuesday, August 8th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. Franco-Nevada Corporation had a net margin of 21.26% and a return on equity of 4.39%. The firm had revenue of $163.60 million for the quarter, compared to the consensus estimate of $164.62 million. During the same period last year, the firm earned $0.22 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE boosted its position in Franco-Nevada Corporation by 2.9% in the first quarter. US Bancorp DE now owns 20,500 shares of the basic materials company’s stock valued at $1,343,000 after buying an additional 575 shares during the period. Chase Investment Counsel Corp purchased a new position in Franco-Nevada Corporation during the first quarter valued at approximately $265,000. Commerzbank Aktiengesellschaft FI boosted its position in Franco-Nevada Corporation by 334.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 36,413 shares of the basic materials company’s stock valued at $2,385,000 after buying an additional 28,041 shares during the period. Great West Life Assurance Co. Can boosted its position in Franco-Nevada Corporation by 15.2% in the first quarter. Great West Life Assurance Co. Can now owns 1,389,027 shares of the basic materials company’s stock valued at $90,859,000 after buying an additional 183,038 shares during the period. Finally, Geneva Advisors LLC boosted its position in Franco-Nevada Corporation by 11.0% in the first quarter. Geneva Advisors LLC now owns 16,270 shares of the basic materials company’s stock valued at $1,066,000 after buying an additional 1,615 shares during the period. Institutional investors own 63.49% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, September 13th. Franco-Nevada Corporation’s dividend payout ratio (DPR) is presently 119.48%.
Franco-Nevada Corporation Company Profile
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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