Desjardins Analysts Increase Earnings Estimates for Franco Nevada Corp (FNV)

Franco Nevada Corp (TSE:FNV) (NYSE:FNV) – Stock analysts at Desjardins increased their Q1 2018 earnings per share estimates for shares of Franco Nevada in a research report issued to clients and investors on Monday, April 16th. Desjardins analyst J. Wolfson now forecasts that the company will post earnings of $0.38 per share for the quarter, up from their prior estimate of $0.37. Desjardins also issued estimates for Franco Nevada’s Q2 2018 earnings at $0.38 EPS, FY2018 earnings at $1.51 EPS and FY2019 earnings at $1.51 EPS.

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Franco Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Wednesday, March 7th. The company reported C$0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.36. The company had revenue of C$212.36 million during the quarter, compared to the consensus estimate of C$220.79 million. Franco Nevada had a net margin of 34.99% and a return on equity of 5.21%.

Other research analysts also recently issued reports about the stock. National Bank Financial lowered their price target on shares of Franco Nevada from C$107.50 to C$102.50 in a report on Friday, January 26th. Canaccord Genuity lowered their price target on shares of Franco Nevada from C$126.00 to C$122.00 in a report on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Franco Nevada currently has a consensus rating of “Hold” and a consensus price target of C$114.29.

Shares of TSE:FNV opened at C$90.85 on Tuesday. Franco Nevada has a 52-week low of C$85.21 and a 52-week high of C$110.18.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were issued a $0.283 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.13 dividend on an annualized basis and a yield of 1.25%.

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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.

Earnings History and Estimates for Franco Nevada (TSE:FNV)

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