Franco-Nevada (FNV) to Release Quarterly Earnings on Wednesday

Franco-Nevada (TSE:FNV) (NYSE:FNV) will announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of C$0.93 per share for the quarter.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, topping the consensus estimate of C$1.07 by C$0.16. The business had revenue of C$412.95 million for the quarter. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%.

Franco-Nevada Trading Up 0.7 %

Shares of Franco-Nevada stock opened at C$163.08 on Wednesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 41.21 and a quick ratio of 23.26. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$217.70. The company’s fifty day simple moving average is C$155.54 and its 200-day simple moving average is C$157.03. The stock has a market capitalization of C$31.34 billion, a PE ratio of -48.97, a P/E/G ratio of 5.00 and a beta of 0.63.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.477 per share. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.47. The ex-dividend date was Wednesday, March 13th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 1.17%. Franco-Nevada’s payout ratio is -58.86%.

Insider Buying and Selling at Franco-Nevada

In other Franco-Nevada news, Senior Officer Eaun Harrison Gray sold 330 shares of Franco-Nevada stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$156.69, for a total value of C$51,707.70. In other news, Senior Officer Eaun Harrison Gray sold 330 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$156.69, for a total value of C$51,707.70. Also, Director Paul Brink sold 2,315 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$157.33, for a total transaction of C$364,221.50. In the last ninety days, insiders have sold 16,839 shares of company stock worth $2,686,396. Insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

FNV has been the topic of a number of analyst reports. Veritas Investment Research lifted their target price on shares of Franco-Nevada from C$149.00 to C$173.00 in a research note on Friday, April 12th. Stifel Nicolaus lifted their target price on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the company a “buy” rating in a research note on Friday, April 19th. BMO Capital Markets lowered their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Wednesday, March 6th. Canaccord Genuity Group lifted their target price on shares of Franco-Nevada from C$168.00 to C$177.00 in a research note on Tuesday. Finally, Eight Capital lifted their target price on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the company a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$187.50.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.