Franco Nevada Corp (TSE:FNV) – National Bank Financial cut their FY2017 earnings per share estimates for Franco Nevada Corp in a research note issued to investors on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the firm will post earnings per share of $1.44 for the year, down from their prior forecast of $1.61. National Bank Financial has a “Sector Perform Market Weight” rating on the stock.
FNV has been the subject of a number of other research reports. Canaccord Genuity decreased their price objective on shares of Franco Nevada Corp from C$105.00 to C$86.00 in a research report on Tuesday, July 12th. TD Securities reissued a “hold” rating and issued a C$77.00 price objective on shares of Franco Nevada Corp in a research report on Wednesday, August 10th. Finally, CIBC lifted their price objective on shares of Franco Nevada Corp from C$100.00 to C$110.00 in a research report on Wednesday, August 10th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of C$82.75.
Franco Nevada Corp (TSE:FNV) traded down 0.09% on Monday, reaching $86.54. 188,681 shares of the company traded hands. Franco Nevada Corp has a 52-week low of $58.67 and a 52-week high of $105.69. The firm has a market cap of $15.41 billion and a P/E ratio of 256.04. The stock has a 50-day moving average price of $91.24 and a 200-day moving average price of $91.81.
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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