Franco Nevada Corp (TSE:FNV) (NYSE:FNV) – Equities research analysts at National Bank Financial lowered their Q3 2017 earnings per share (EPS) estimates for shares of Franco Nevada Corp in a report released on Tuesday. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.33 per share for the quarter, down from their prior forecast of $0.37. National Bank Financial also issued estimates for Franco Nevada Corp’s Q4 2017 earnings at $0.33 EPS, FY2017 earnings at $1.30 EPS, FY2018 earnings at $1.42 EPS and FY2019 earnings at $1.55 EPS.
Other research analysts have also recently issued research reports about the stock. Canaccord Genuity boosted their price objective on shares of Franco Nevada Corp from C$111.00 to C$114.00 in a report on Wednesday. Scotiabank boosted their price objective on shares of Franco Nevada Corp to C$99.00 and gave the company a “sector perform” rating in a report on Thursday, May 11th. CIBC boosted their price objective on shares of Franco Nevada Corp from C$105.00 to C$110.00 in a report on Thursday. Finally, Clarkson Capital restated a “neutral” rating on shares of Franco Nevada Corp in a report on Wednesday, May 10th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$96.83.
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Shares of Franco Nevada Corp (TSE FNV) opened at 98.46 on Friday. The company has a 50 day moving average of $92.76 and a 200 day moving average of $91.35. The stock has a market cap of $17.96 billion and a P/E ratio of 126.23. Franco Nevada Corp has a 12 month low of $71.44 and a 12 month high of $102.59.
In other news, insider Lena Miller sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of C$98.71, for a total value of C$325,743.00. Also, insider Jason O’connell sold 5,753 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of C$98.17, for a total transaction of C$564,772.01. Insiders sold 162,000 shares of company stock valued at $16,008,920 in the last quarter.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, September 13th. This is a boost from Franco Nevada Corp’s previous quarterly dividend of $0.21.
Franco Nevada Corp 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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