Franco-Nevada Corp. (NYSE:FNV) – Equities research analysts at National Bank Financial lifted their FY2016 EPS estimates for shares of Franco-Nevada Corp. in a research note issued on Tuesday. National Bank Financial analyst S. Nagle now anticipates that the firm will earn $0.99 per share for the year, up from their previous forecast of $0.83. National Bank Financial has a “Sector Perform” rating and a $95.00 price target on the stock. National Bank Financial also issued estimates for Franco-Nevada Corp.’s FY2017 earnings at $1.13 EPS.

Earnings History and Estimates for Franco-Nevada Corp. (NYSE:FNV)

Other equities analysts have also issued reports about the stock. TheStreet raised shares of Franco-Nevada Corp. from a “hold” rating to a “buy” rating in a report on Tuesday. TD Securities reissued a “hold” rating and set a $77.00 price objective on shares of Franco-Nevada Corp. in a report on Saturday, August 13th. Scotiabank reissued a “sector perform” rating and set a $80.00 price objective on shares of Franco-Nevada Corp. in a report on Tuesday. Vetr lowered shares of Franco-Nevada Corp. from a “hold” rating to a “sell” rating and set a $68.00 price objective on the stock. in a report on Wednesday, September 21st. Finally, RBC Capital Markets reissued an “outperform” rating on shares of Franco-Nevada Corp. in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $76.87.

Shares of Franco-Nevada Corp. (NYSE:FNV) opened at 57.22 on Friday. The stock has a market capitalization of $10.19 billion, a price-to-earnings ratio of 169.29 and a beta of 0.22. Franco-Nevada Corp. has a 52 week low of $41.47 and a 52 week high of $81.16. The firm’s 50-day moving average is $65.81 and its 200-day moving average is $70.55.

Hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of Franco-Nevada Corp. by 24.7% in the second quarter. Van ECK Associates Corp now owns 7,831,846 shares of the company’s stock valued at $595,690,000 after buying an additional 1,550,588 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Franco-Nevada Corp. by 0.6% in the second quarter. First Eagle Investment Management LLC now owns 7,092,405 shares of the company’s stock valued at $539,121,000 after buying an additional 41,201 shares during the period. Vanguard Group Inc. boosted its position in shares of Franco-Nevada Corp. by 11.2% in the second quarter. Vanguard Group Inc. now owns 3,648,583 shares of the company’s stock valued at $277,511,000 after buying an additional 366,365 shares during the period. CIBC World Markets Inc. boosted its position in shares of Franco-Nevada Corp. by 3.7% in the third quarter. CIBC World Markets Inc. now owns 2,596,552 shares of the company’s stock valued at $181,421,000 after buying an additional 91,668 shares during the period. Finally, Swiss National Bank boosted its position in shares of Franco-Nevada Corp. by 9.4% in the second quarter. Swiss National Bank now owns 1,923,500 shares of the company’s stock valued at $145,548,000 after buying an additional 164,600 shares during the period. 64.52% of the stock is owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Thursday, December 8th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, December 6th. This represents a $0.88 annualized dividend and a dividend yield of 1.54%. Franco-Nevada Corp.’s dividend payout ratio (DPR) is presently 169.23%.

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.

5 Day Chart for NYSE:FNV

Receive News & Stock Ratings for Franco-Nevada Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada Corp. and related stocks with our FREE daily email newsletter.