National Bank Financial Equities Analysts Lift Earnings Estimates for Franco Nevada Corp (TSE:FNV)

Franco Nevada Corp (TSE:FNV) (NYSE:FNV) – Stock analysts at National Bank Financial increased their FY2019 earnings per share estimates for shares of Franco Nevada in a report issued on Monday, November 11th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $2.30 for the year, up from their prior estimate of $2.10. National Bank Financial currently has a “Sector Perform” rating and a $130.00 price target on the stock. National Bank Financial also issued estimates for Franco Nevada’s FY2020 earnings at $2.94 EPS.

A number of other research firms also recently issued reports on FNV. Royal Bank of Canada reiterated a “sector perform” rating on shares of Franco Nevada in a report on Thursday, August 8th. Bank of America increased their price objective on Franco Nevada from C$128.50 to C$133.00 in a report on Friday, August 16th. Eight Capital downgraded Franco Nevada from a “buy” rating to a “neutral” rating and increased their price objective for the stock from C$110.00 to C$125.00 in a report on Thursday, August 8th. Canaccord Genuity increased their price objective on Franco Nevada from C$125.00 to C$127.00 in a report on Friday, July 19th. Finally, BMO Capital Markets increased their price objective on Franco Nevada from C$110.00 to C$130.00 in a report on Wednesday, September 11th.

Shares of Franco Nevada stock opened at C$130.09 on Wednesday. The company has a quick ratio of 2.49, a current ratio of 2.67 and a debt-to-equity ratio of 9.06. The company has a market cap of $23.62 billion and a PE ratio of 161.80. The business has a 50 day moving average of C$124.65 and a 200 day moving average of C$115.72. Franco Nevada has a 52 week low of C$83.81 and a 52 week high of C$133.92.

In other news, Senior Officer Philip Dane Wilson sold 5,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$128.60, for a total value of C$643,000.00. Following the sale, the insider now directly owns 11,139 shares of the company’s stock, valued at C$1,432,475.40.

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 (TSE:FNV)

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