Franco Nevada Corp (TSE:FNV) (NYSE:FNV) – Equities researchers at National Bank Financial issued their Q1 2018 earnings estimates for Franco Nevada in a report released on Wednesday, Zacks Investment Research reports. National Bank Financial analyst S. Nagle expects that the company will earn $0.35 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $100.00 target price on the stock. National Bank Financial also issued estimates for Franco Nevada’s Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.35 EPS and Q4 2018 earnings at $0.35 EPS.
Several other research analysts have also weighed in on FNV. Canaccord Genuity lowered their target price on shares of Franco Nevada from C$126.00 to C$122.00 in a research note on Thursday, March 8th. Desjardins reissued a “sell” rating on shares of Franco Nevada in a research report on Monday, December 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$114.29.
FNV stock traded up C$1.91 during mid-day trading on Friday, hitting C$89.81. 291,016 shares of the company were exchanged, compared to its average volume of 507,098. Franco Nevada has a 12-month low of C$85.21 and a 12-month high of C$110.18.
Franco Nevada (TSE:FNV) (NYSE:FNV) last announced its earnings results on Wednesday, March 7th. The company reported C$0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.36. The company had revenue of C$212.36 million during the quarter, compared to analyst estimates of C$220.79 million. Franco Nevada had a net margin of 34.99% and a return on equity of 5.21%.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were given a dividend of $0.283 per share. The ex-dividend date was Wednesday, March 14th. This represents a $1.13 annualized dividend and a dividend yield of 1.26%.
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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