FY2017 EPS Estimates for Franco Nevada Corp Lowered by National Bank Financial (FNV)
Franco Nevada Corp (TSE:FNV) – Stock analysts at National Bank Financial reduced their FY2017 EPS estimates for Franco Nevada Corp in a research note issued on Wednesday. National Bank Financial analyst S. Nagle now forecasts that the firm will earn $1.44 per share for the year, down from their prior forecast of $1.61. National Bank Financial has a “Sector Perform Market Weight” rating on the stock.
A number of other brokerages also recently issued reports on FNV. CIBC lifted their price objective on shares of Franco Nevada Corp from C$100.00 to C$110.00 in a research report on Wednesday, August 10th. TD Securities reaffirmed a “hold” rating and issued a C$77.00 price objective on shares of Franco Nevada Corp in a research report on Wednesday, August 10th. Finally, Canaccord Genuity cut their price objective on shares of Franco Nevada Corp from C$105.00 to C$86.00 in a research report on Tuesday, July 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Franco Nevada Corp currently has an average rating of “Hold” and a consensus price target of C$82.75.
Shares of Franco Nevada Corp (TSE:FNV) opened at 83.27 on Monday. Franco Nevada Corp has a one year low of $58.67 and a one year high of $105.69. The stock has a market capitalization of $14.83 billion and a PE ratio of 246.36. The firm’s 50-day moving average is $91.75 and its 200-day moving average is $91.59.
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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