Franco-Nevada (TSE:FNV) (NYSE:FNV) – National Bank Financial upped their FY2019 earnings estimates for shares of Franco-Nevada in a research report issued to clients and investors on Wednesday, May 9th. National Bank Financial analyst S. Nagle now expects that the company will earn $1.64 per share for the year, up from their prior forecast of $1.60.
Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings data on Wednesday, March 7th. The company reported C$0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of C$0.36. Franco-Nevada had a return on equity of 5.21% and a net margin of 34.99%. The company had revenue of C$212.36 million during the quarter, compared to analyst estimates of C$220.79 million.
Separately, Canaccord Genuity raised their price objective on Franco-Nevada from C$125.00 to C$126.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$115.36.
Franco-Nevada opened at C$93.00 on Monday, Marketbeat.com reports. Franco-Nevada has a twelve month low of C$85.21 and a twelve month high of C$110.18.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, June 14th will be issued a $0.308 dividend. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, June 13th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.32%.
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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