National Bank Financial Research Analysts Cut Earnings Estimates for Franco Nevada Corp (FNV)
Franco Nevada Corp (TSE:FNV) (NYSE:FNV) – Equities research analysts at National Bank Financial lowered their Q4 2017 earnings per share estimates for shares of Franco Nevada in a report released on Wednesday. National Bank Financial analyst S. Nagle now forecasts that the company will earn $0.35 per share for the quarter, down from their previous estimate of $0.37.
Other research analysts have also issued research reports about the company. Canaccord Genuity upped their price objective on Franco Nevada from C$121.00 to C$125.00 in a report on Friday, January 19th. CIBC upped their price objective on Franco Nevada from C$110.00 to C$120.00 in a report on Tuesday, November 7th. TD Securities upped their price objective on Franco Nevada to C$123.50 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Eight Capital reaffirmed a “neutral” rating on shares of Franco Nevada in a report on Thursday, November 16th. Finally, Royal Bank of Canada upped their price objective on Franco Nevada from C$100.00 to C$116.00 and gave the stock an “outperform” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Franco Nevada has an average rating of “Hold” and an average target price of C$115.07.
Franco Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings data on Monday, November 6th. The company reported C$0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.33 by C$0.04. Franco Nevada had a return on equity of 5.21% and a net margin of 34.99%. The firm had revenue of C$171.50 million for the quarter, compared to analyst estimates of C$210.03 million.
In other Franco Nevada news, Director Pierre Lassonde sold 20,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of C$97.96, for a total transaction of C$1,959,200.00. Also, Director David Harquail sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of C$99.33, for a total value of C$496,650.00. Over the last quarter, insiders have sold 29,000 shares of company stock worth $2,843,090.
About Franco Nevada
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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