Equities analysts expect Franco Nevada Corp (NYSE:FNV) (TSE:FNV) to announce $0.29 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Franco Nevada’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.31. Franco Nevada posted earnings per share of $0.24 in the same quarter last year, which would suggest a positive year over year growth rate of 20.8%. The business is scheduled to announce its next earnings results after the market closes on Wednesday, March 7th.
On average, analysts expect that Franco Nevada will report full-year earnings of $1.08 per share for the current financial year, with EPS estimates ranging from $1.02 to $1.12. For the next year, analysts anticipate that the company will report earnings of $1.23 per share, with EPS estimates ranging from $1.12 to $1.35. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Franco Nevada.
A number of equities analysts recently commented on the company. Scotiabank increased their price objective on Franco Nevada from $82.50 to $85.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 7th. TD Securities increased their price objective on Franco Nevada from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Canaccord Genuity reaffirmed a “buy” rating and set a $121.00 target price on shares of Franco Nevada in a research report on Tuesday, November 7th. Zacks Investment Research raised Franco Nevada from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Thursday, November 9th. Finally, Desjardins reaffirmed a “sell” rating on shares of Franco Nevada in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $88.22.
Franco Nevada (FNV) opened at $73.40 on Friday. Franco Nevada has a twelve month low of $60.10 and a twelve month high of $86.06. The company has a market capitalization of $13,630.00, a P/E ratio of 90.62, a P/E/G ratio of 14.97 and a beta of -0.12.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.92 dividend on an annualized basis and a yield of 1.25%. Franco Nevada’s payout ratio is currently 113.58%.
About Franco Nevada
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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