FY2018 EPS Estimates for Franco Nevada Corp Increased by National Bank Financial (FNV)

Franco Nevada Corp (NYSE:FNV) (TSE:FNV) – Research analysts at National Bank Financial increased their FY2018 EPS estimates for shares of Franco Nevada in a research note issued on Monday, November 5th. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will earn $1.16 per share for the year, up from their previous estimate of $1.14.

Franco Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Monday, November 5th. The basic materials company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.26 by $0.03. The firm had revenue of $170.60 million during the quarter, compared to analysts’ expectations of $158.85 million. Franco Nevada had a return on equity of 4.76% and a net margin of 31.81%. Franco Nevada’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share.

FNV has been the subject of several other reports. Desjardins raised Franco Nevada from a “sell” rating to a “hold” rating in a research report on Saturday, October 6th. Deutsche Bank set a $74.00 target price on Franco Nevada and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. ValuEngine cut Franco Nevada from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. TD Securities set a $93.00 target price on Franco Nevada and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Franco Nevada in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $80.71.

Shares of FNV stock opened at $64.89 on Thursday. The firm has a market capitalization of $12.21 billion, a P/E ratio of 60.08, a PEG ratio of 14.22 and a beta of -0.13. Franco Nevada has a one year low of $58.26 and a one year high of $86.06.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.48%. Franco Nevada’s payout ratio is presently 88.89%.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Montreal Can bought a new position in shares of Franco Nevada during the second quarter valued at $494,119,000. Fiera Capital Corp lifted its holdings in shares of Franco Nevada by 217.2% during the second quarter. Fiera Capital Corp now owns 3,682,984 shares of the basic materials company’s stock valued at $268,834,000 after acquiring an additional 2,521,932 shares during the period. Beutel Goodman & Co Ltd. lifted its holdings in shares of Franco Nevada by 45.4% during the third quarter. Beutel Goodman & Co Ltd. now owns 2,855,752 shares of the basic materials company’s stock valued at $178,504,000 after acquiring an additional 891,061 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Franco Nevada by 12.6% during the second quarter. Renaissance Technologies LLC now owns 2,458,200 shares of the basic materials company’s stock valued at $179,498,000 after acquiring an additional 274,300 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in shares of Franco Nevada by 17.1% during the second quarter. Toronto Dominion Bank now owns 1,929,409 shares of the basic materials company’s stock valued at $140,933,000 after acquiring an additional 281,709 shares during the period. 63.42% of the stock is owned by institutional investors.

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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Earnings History and Estimates for Franco Nevada (NYSE:FNV)

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