Q3 2016 EPS Estimates for Franco-Nevada Corp. (FNV) Decreased by National Bank Financial
Franco-Nevada Corp. (NYSE:FNV) – Equities research analysts at National Bank Financial cut their Q3 2016 EPS estimates for Franco-Nevada Corp. in a research report issued to clients and investors on Wednesday. National Bank Financial analyst S. Nagle now forecasts that the brokerage will post earnings of $0.23 per share for the quarter, down from their prior estimate of $0.24. National Bank Financial currently has a “Sector Perform” rating and a $95.00 target price on the stock.
Several other analysts have also recently commented on the stock. Bank of America Corp. initiated coverage on shares of Franco-Nevada Corp. in a research note on Tuesday, August 9th. They issued a “buy” rating for the company. HSBC restated a “buy” rating on shares of Franco-Nevada Corp. in a report on Thursday, July 7th. Vetr upgraded shares of Franco-Nevada Corp. from a “strong sell” rating to a “sell” rating and set a $62.44 target price for the company in a report on Wednesday, June 22nd. Deutsche Bank AG restated a “sell” rating on shares of Franco-Nevada Corp. in a report on Thursday, July 7th. Finally, Zacks Investment Research upgraded shares of Franco-Nevada Corp. from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Tuesday, October 4th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $70.96.
Franco-Nevada Corp. (NYSE:FNV) opened at 66.03 on Monday. Franco-Nevada Corp. has a 12-month low of $41.47 and a 12-month high of $81.16. The firm has a 50-day moving average of $69.36 and a 200 day moving average of $70.76. The firm has a market capitalization of $11.76 billion, a price-to-earnings ratio of 195.36 and a beta of 0.18.
Franco-Nevada Corp. (NYSE:FNV) last posted its earnings results on Monday, August 8th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $150.90 million for the quarter, compared to analyst estimates of $149.36 million. Franco-Nevada Corp. had a net margin of 11.05% and a return on equity of 3.02%. Franco-Nevada Corp.’s revenue was up 37.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 EPS.
A number of large investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in shares of Franco-Nevada Corp. by 15.3% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the company’s stock worth $100,000 after buying an additional 175 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Franco-Nevada Corp. by 65.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,788 shares of the company’s stock worth $211,000 after buying an additional 1,100 shares in the last quarter. Seven Eight Capital LLC purchased a new stake in shares of Franco-Nevada Corp. during the second quarter worth about $221,000. Stock Yards Bank & Trust Co. purchased a new stake in shares of Franco-Nevada Corp. during the third quarter worth about $223,000. Finally, Carnick & Kubik Group LLC purchased a new stake in shares of Franco-Nevada Corp. during the second quarter worth about $230,000. 64.49% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Tuesday, September 13th. Franco-Nevada Corp.’s dividend payout ratio (DPR) is presently 275.00%.
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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