Franco Nevada Corp (TSE:FNV) (NYSE:FNV) – Investment analysts at National Bank Financial cut their Q4 2017 EPS estimates for Franco Nevada in a report issued on Wednesday, according to Zacks Investment Research. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.35 for the quarter, down from their prior estimate of $0.37.
Several other equities analysts also recently weighed in on the stock. Canaccord Genuity raised their target price on shares of Franco Nevada from C$121.00 to C$125.00 in a report on Friday, January 19th. Desjardins restated a “sell” rating on shares of Franco Nevada in a report on Monday, December 11th. TD Securities dropped their target price on shares of Franco Nevada to C$124.00 and set a “buy” rating for the company in a report on Friday, December 1st. Eight Capital restated a “neutral” rating on shares of Franco Nevada in a report on Thursday, November 16th. Finally, Royal Bank of Canada raised their target price on shares of Franco Nevada from C$100.00 to C$116.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$115.07.
Franco Nevada (FNV) opened at C$87.16 on Monday. Franco Nevada has a twelve month low of C$81.01 and a twelve month high of C$110.18. The firm has a market cap of $16,360.00, a PE ratio of 86.30 and a beta of -0.53.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.283 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.13 annualized dividend and a dividend yield of 1.30%. Franco Nevada’s dividend payout ratio is currently 89.11%.
In other Franco Nevada news, Director David Harquail sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of C$99.33, for a total transaction of C$496,650.00. Also, Director Pierre Lassonde sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$97.96, for a total transaction of C$1,959,200.00. Insiders have sold a total of 29,000 shares of company stock worth $2,843,090 over the last ninety days.
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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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