Franco Nevada Corp (NYSE:FNV) (TSE:FNV) – Desjardins increased their Q1 2019 EPS estimates for Franco Nevada in a research note issued on Friday, April 12th. Desjardins analyst J. Wolfson now forecasts that the basic materials company will post earnings per share of $0.28 for the quarter, up from their prior estimate of $0.25. Desjardins also issued estimates for Franco Nevada’s Q1 2020 earnings at $0.40 EPS, Q2 2020 earnings at $0.41 EPS, Q3 2020 earnings at $0.44 EPS, Q4 2020 earnings at $0.46 EPS and FY2020 earnings at $1.72 EPS.
Franco Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Tuesday, March 19th. The basic materials company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.02). The company had revenue of $148.20 million during the quarter, compared to analyst estimates of $157.37 million. Franco Nevada had a return on equity of 4.62% and a net margin of 21.28%. Franco Nevada’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share.
A number of other brokerages have also weighed in on FNV. Zacks Investment Research lowered shares of Franco Nevada from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. BMO Capital Markets reissued an “average” rating and set a $100.00 price target on shares of Franco Nevada in a research report on Friday, April 5th. TheStreet cut shares of Franco Nevada from a “b” rating to a “c+” rating in a research report on Friday, April 5th. Barclays cut shares of Franco Nevada from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $74.00 to $73.00 in a research report on Tuesday, April 9th. Finally, Deutsche Bank boosted their price target on shares of Franco Nevada from $73.50 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, April 10th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $89.86.
Shares of NYSE FNV opened at $74.44 on Monday. The firm has a market capitalization of $13.96 billion, a P/E ratio of 63.62, a P/E/G ratio of 14.55 and a beta of 0.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 7.14 and a quick ratio of 7.14. Franco Nevada has a 1-year low of $58.26 and a 1-year high of $78.82.
Large investors have recently modified their holdings of the business. JNBA Financial Advisors bought a new stake in Franco Nevada during the 4th quarter worth about $46,000. NumerixS Investment Technologies Inc bought a new stake in Franco Nevada during the 4th quarter worth about $49,000. Advisory Services Network LLC lifted its position in Franco Nevada by 42.1% during the 4th quarter. Advisory Services Network LLC now owns 729 shares of the basic materials company’s stock worth $51,000 after buying an additional 216 shares in the last quarter. Legacy Advisors LLC bought a new stake in Franco Nevada during the 1st quarter worth about $58,000. Finally, Parallel Advisors LLC lifted its position in Franco Nevada by 57.7% during the 4th quarter. Parallel Advisors LLC now owns 793 shares of the basic materials company’s stock worth $55,000 after buying an additional 290 shares in the last quarter. 67.87% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.96 annualized dividend and a yield of 1.29%. Franco Nevada’s dividend payout ratio (DPR) is presently 82.05%.
Franco Nevada Company Profile
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Peru, Chile, Australia, and Africa. The company also holds interests in silver, platinum group metals, oil and gas, and other resource assets. As of December 31, 2017, it had a portfolio of 341 assets.
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