Franco-Nevada (NYSE:FNV) (TSE:FNV) – Equities research analysts at National Bank Financial raised their FY2018 earnings per share (EPS) estimates for Franco-Nevada in a research report issued to clients and investors on Monday, April 9th. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will earn $1.12 per share for the year, up from their prior estimate of $1.08.
FNV has been the topic of several other reports. Zacks Investment Research raised shares of Franco-Nevada from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Tuesday, January 9th. TD Securities dropped their price objective on shares of Franco-Nevada from $96.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, March 9th. Raymond James Financial dropped their price objective on shares of Franco-Nevada from $93.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 23rd. Credit Suisse Group set a $80.00 price objective on shares of Franco-Nevada and gave the company a “hold” rating in a research report on Monday, January 22nd. Finally, Scotiabank set a $86.00 price objective on shares of Franco-Nevada and gave the company a “hold” rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $88.00.
Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Wednesday, March 7th. The basic materials company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The company had revenue of $167.00 million during the quarter, compared to the consensus estimate of $171.99 million. Franco-Nevada had a net margin of 28.84% and a return on equity of 4.38%. Franco-Nevada’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share.
A number of large investors have recently added to or reduced their stakes in FNV. American International Group Inc. bought a new position in Franco-Nevada during the fourth quarter worth about $197,000. Cigna Investments Inc. New bought a new position in Franco-Nevada during the fourth quarter worth about $203,000. Compagnie Lombard Odier SCmA increased its position in Franco-Nevada by 52.6% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 2,900 shares of the basic materials company’s stock worth $232,000 after acquiring an additional 1,000 shares during the period. Lombard Odier Asset Management Europe Ltd bought a new position in Franco-Nevada during the fourth quarter worth about $237,000. Finally, Candriam Luxembourg S.C.A. bought a new position in Franco-Nevada during the fourth quarter worth about $254,000. 63.23% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Wednesday, March 14th. Franco-Nevada’s dividend payout ratio is 85.19%.
Franco-Nevada Company Profile
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Peru, Chile, Australia, and Africa. The company also holds interests in silver, platinum group metals, oil and gas, and other resource assets. As of December 31, 2017, it had a portfolio of 341 assets.
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