Franco Nevada Corp (TSE:FNV) (NYSE:FNV) – Investment analysts at National Bank Financial increased their Q3 2017 EPS estimates for shares of Franco Nevada Corp in a research note issued on Tuesday. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.35 per share for the quarter, up from their prior forecast of $0.33. National Bank Financial also issued estimates for Franco Nevada Corp’s FY2017 earnings at $1.34 EPS and FY2018 earnings at $1.46 EPS.
Several other brokerages have also weighed in on FNV. Canaccord Genuity increased their price objective on Franco Nevada Corp from C$111.00 to C$114.00 in a report on Wednesday, August 9th. CIBC increased their target price on Franco Nevada Corp from C$105.00 to C$110.00 in a research report on Thursday, August 10th. Bank of America Corporation increased their target price on Franco Nevada Corp from C$107.00 to C$110.00 in a research report on Friday, September 8th. Finally, Scotiabank increased their target price on Franco Nevada Corp to C$100.00 and gave the stock a “sector perform” rating in a research report on Friday, September 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Franco Nevada Corp currently has a consensus rating of “Buy” and a consensus target price of C$99.43.
Shares of Franco Nevada Corp (TSE:FNV) opened at 99.51 on Friday. The company’s 50-day moving average price is $99.43 and its 200 day moving average price is $95.99. Franco Nevada Corp has a 12-month low of $71.44 and a 12-month high of $104.00. The firm has a market capitalization of $18.45 billion and a PE ratio of 125.49.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $0.92 annualized dividend and a dividend yield of 0.92%. This is an increase from Franco Nevada Corp’s previous quarterly dividend of $0.21.
In related news, Director Derek Watson Evans sold 65,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of C$99.81, for a total value of C$6,487,650.00. Also, insider Kerry Elwyn Sparkes sold 643 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of C$103.36, for a total value of C$66,460.48.
Franco Nevada Corp Company Profile
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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