Franco Nevada Corp (FNV) to Post Q3 2017 Earnings of $0.35 Per Share, National Bank Financial Forecasts

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.

COPYRIGHT VIOLATION WARNING: “Franco Nevada Corp (FNV) to Post Q3 2017 Earnings of $0.35 Per Share, National Bank Financial Forecasts” was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright legislation. The legal version of this piece can be accessed at https://www.chaffeybreeze.com/2017/10/20/franco-nevada-corp-fnv-to-post-q3-2017-earnings-of-0-35-per-share-national-bank-financial-forecasts.html.

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.

Earnings History and Estimates for Franco Nevada Corp (TSE:FNV)

Receive News & Ratings for Franco Nevada Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco Nevada Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply