Franco Nevada Corp (TSE:FNV) – National Bank Financial lowered their FY2016 earnings per share estimates for Franco Nevada Corp in a research report issued on Wednesday. National Bank Financial analyst S. Nagle now forecasts that the brokerage will post earnings per share of $1.10 for the year, down from their prior estimate of $1.15. National Bank Financial has a “Sector Perform Market Weight” rating on the stock.
A number of other research firms have also issued reports on FNV. CIBC increased their target price on shares of Franco Nevada Corp from C$100.00 to C$110.00 in a report on Wednesday, August 10th. TD Securities reiterated a “hold” rating and set a C$77.00 target price on shares of Franco Nevada Corp in a report on Wednesday, August 10th. Finally, Canaccord Genuity reduced their target price on shares of Franco Nevada Corp from C$105.00 to C$86.00 in a report on Tuesday, July 12th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$82.08.
Shares of Franco Nevada Corp (TSE:FNV) traded down 2.88% during midday trading on Friday, hitting $82.95. 247,492 shares of the stock were exchanged. The company has a market cap of $14.77 billion and a PE ratio of 245.41. The stock has a 50 day moving average price of $92.05 and a 200-day moving average price of $91.57. Franco Nevada Corp has a 12 month low of $58.67 and a 12 month high of $105.69.
About Franco Nevada Corp
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.
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