National Bank Financial Brokers Decrease Earnings Estimates for Franco-Nevada Corp. (FNV)
Franco-Nevada Corp. (NYSE:FNV) – National Bank Financial cut their FY2016 EPS estimates for Franco-Nevada Corp. in a research report issued on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the firm will post earnings of $0.83 per share for the year, down from their prior estimate of $0.88. National Bank Financial has a “Sector Perform” rating on the stock. National Bank Financial also issued estimates for Franco-Nevada Corp.’s FY2017 earnings at $1.08 EPS.
Franco-Nevada Corp. (NYSE:FNV) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. Franco-Nevada Corp. had a return on equity of 3.02% and a net margin of 11.05%. The company earned $150.90 million during the quarter, compared to analysts’ expectations of $149.36 million. During the same quarter in the previous year, the business earned $0.15 EPS. Franco-Nevada Corp.’s revenue was up 37.9% compared to the same quarter last year.
A number of other brokerages also recently issued reports on FNV. Zacks Investment Research upgraded Franco-Nevada Corp. from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Tuesday, July 5th. TD Securities reiterated a “hold” rating and set a $77.00 price target on shares of Franco-Nevada Corp. in a research report on Saturday, August 13th. Vetr downgraded Franco-Nevada Corp. from a “hold” rating to a “sell” rating and set a $68.00 price target on the stock. in a research report on Wednesday, September 21st. TheStreet upgraded Franco-Nevada Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 9th. Finally, Citigroup Inc. upgraded Franco-Nevada Corp. to a “hold” rating and lowered their price target for the stock from $74.00 to $62.00 in a research report on Friday, September 9th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $69.11.
Franco-Nevada Corp. (NYSE:FNV) opened at 63.33 on Friday. Franco-Nevada Corp. has a 12-month low of $41.47 and a 12-month high of $81.16. The company’s 50-day moving average price is $69.77 and its 200-day moving average price is $70.59. The stock has a market cap of $11.28 billion, a PE ratio of 187.37 and a beta of 0.18.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.88 annualized dividend and a yield of 1.39%. Franco-Nevada Corp.’s dividend payout ratio (DPR) is 275.00%.
A number of large investors have recently bought and sold shares of the company. Stock Yards Bank & Trust Co. acquired a new stake in Franco-Nevada Corp. during the third quarter valued at about $223,000. New Harbor Financial Group LLC boosted its stake in Franco-Nevada Corp. by 0.9% in the third quarter. New Harbor Financial Group LLC now owns 8,465 shares of the company’s stock valued at $591,000 after buying an additional 75 shares during the period. Capstone Asset Management Co. boosted its stake in Franco-Nevada Corp. by 4.2% in the third quarter. Capstone Asset Management Co. now owns 20,040 shares of the company’s stock valued at $1,400,000 after buying an additional 810 shares during the period. Independence Advisors LLC acquired a new stake in Franco-Nevada Corp. during the third quarter valued at about $231,000. Finally, Carnick & Kubik Group LLC acquired a new stake in Franco-Nevada Corp. during the second quarter valued at about $230,000. 64.49% of the stock is owned by institutional investors.
Franco-Nevada Corp. Company Profile
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.
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