Franco Nevada Corp Forecasted to Earn FY2016 Earnings of $1.10 Per Share (FNV)
Franco Nevada Corp (TSE:FNV) – Stock analysts at National Bank Financial reduced their FY2016 earnings per share estimates for Franco Nevada Corp in a research report issued on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the brokerage will post earnings per share of $1.10 for the year, down from their previous estimate of $1.15. National Bank Financial has a “Sector Perform Market Weight” rating on the stock.
A number of other equities analysts also recently issued reports on the company. Canaccord Genuity lowered their price objective on Franco Nevada Corp from C$105.00 to C$86.00 in a research report on Tuesday, July 12th. TD Securities restated a “hold” rating and set a C$77.00 price objective on shares of Franco Nevada Corp in a research report on Wednesday, August 10th. Finally, CIBC raised their price objective on Franco Nevada Corp from C$100.00 to C$110.00 in a research report on Wednesday, August 10th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$82.08.
Franco Nevada Corp (TSE:FNV) traded down 2.88% during midday trading on Friday, reaching $82.95. The company’s stock had a trading volume of 247,092 shares. Franco Nevada Corp has a 52-week low of $58.67 and a 52-week high of $105.69. The firm has a market cap of $14.77 billion and a P/E ratio of 245.41. The firm has a 50 day moving average of $92.05 and a 200 day moving average of $91.57.
About Franco Nevada Corp
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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