Desjardins Comments on Franco Nevada Corp’s FY2021 Earnings (FNV)
Franco Nevada Corp (NYSE:FNV) (TSE:FNV) – Equities research analysts at Desjardins issued their FY2021 earnings per share estimates for shares of Franco Nevada in a research report issued on Monday. Desjardins analyst J. Wolfson anticipates that the basic materials company will earn $1.55 per share for the year. Desjardins currently has a “Sell” rating on the stock.
Franco Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Monday, November 6th. The basic materials company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The firm had revenue of $171.50 million for the quarter, compared to analysts’ expectations of $167.07 million. Franco Nevada had a return on equity of 4.31% and a net margin of 22.12%. Franco Nevada’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS.
Shares of Franco Nevada (NYSE FNV) traded down $0.11 during trading hours on Tuesday, reaching $76.98. The company’s stock had a trading volume of 854,109 shares, compared to its average volume of 632,011. The firm has a market cap of $14,320.00, a PE ratio of 72.64, a PEG ratio of 17.59 and a beta of -0.14. Franco Nevada has a 52-week low of $53.31 and a 52-week high of $86.06.
Hedge funds have recently bought and sold shares of the company. Crossmark Global Holdings Inc. acquired a new stake in shares of Franco Nevada during the third quarter worth $2,065,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Franco Nevada by 3.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,900 shares of the basic materials company’s stock worth $1,550,000 after purchasing an additional 800 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Franco Nevada by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,221,772 shares of the basic materials company’s stock worth $304,643,000 after buying an additional 145,698 shares during the period. Sentry Investments Corp. purchased a new position in shares of Franco Nevada in the 2nd quarter worth $6,803,000. Finally, CIBC Asset Management Inc raised its position in shares of Franco Nevada by 6.1% in the 3rd quarter. CIBC Asset Management Inc now owns 2,087,452 shares of the basic materials company’s stock worth $161,281,000 after buying an additional 120,925 shares during the period. Institutional investors and hedge funds own 61.48% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Wednesday, December 6th. Franco Nevada’s dividend payout ratio (DPR) is 113.58%.
Franco Nevada Company Profile
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
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