Franco Nevada Corp (TSE:FNV) (NYSE:FNV) – Desjardins lifted their Q1 2018 earnings per share estimates for shares of Franco Nevada in a research report issued to clients and investors on Monday, April 16th. Desjardins analyst J. Wolfson now forecasts that the company will post earnings of $0.38 per share for the quarter, up from their prior estimate of $0.37. Desjardins also issued estimates for Franco Nevada’s Q2 2018 earnings at $0.38 EPS, FY2018 earnings at $1.51 EPS and FY2019 earnings at $1.51 EPS.
Several other equities research analysts also recently weighed in on the company. National Bank Financial decreased their price objective on Franco Nevada from C$102.50 to C$100.00 and set a “sector perform” rating for the company in a report on Thursday, March 8th. Canaccord Genuity decreased their price objective on Franco Nevada from C$126.00 to C$122.00 in a report on Thursday, March 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Franco Nevada presently has an average rating of “Hold” and a consensus price target of C$114.29.
Franco Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Wednesday, March 7th. The company reported C$0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C$0.36. The firm had revenue of C$212.36 million during the quarter, compared to the consensus estimate of C$220.79 million. Franco Nevada had a return on equity of 5.21% and a net margin of 34.99%.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were issued a $0.283 dividend. This represents a $1.13 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Wednesday, March 14th.
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About Franco Nevada
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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