Franco Nevada (FNV) Scheduled to Post Quarterly Earnings on Wednesday

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Franco Nevada (TSE:FNV) (NYSE:FNV) will be releasing its earnings data after the market closes on Wednesday, August 7th. Analysts expect Franco Nevada to post earnings of C$0.40 per share for the quarter.

Franco Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.37 by C$0.10. The firm had revenue of C$239.06 million for the quarter, compared to analyst estimates of C$221.05 million.

Shares of TSE FNV opened at C$118.36 on Tuesday. The firm has a market capitalization of $22.16 billion and a PE ratio of 158.02. The firm’s 50 day moving average price is C$113.30. The company has a debt-to-equity ratio of 3.38, a quick ratio of 3.38 and a current ratio of 4.14. Franco Nevada has a 52-week low of C$76.53 and a 52-week high of C$119.55.

A number of brokerages recently issued reports on FNV. Royal Bank of Canada cut shares of Franco Nevada from an “outperform” rating to a “sector perform” rating and set a C$117.00 price objective for the company. in a report on Wednesday, May 22nd. Canaccord Genuity boosted their price objective on shares of Franco Nevada from C$125.00 to C$127.00 in a report on Friday, July 19th. JPMorgan Chase & Co. boosted their price objective on shares of Franco Nevada from C$97.50 to C$110.00 in a report on Monday, July 8th. National Bank Financial boosted their price objective on shares of Franco Nevada from C$125.00 to C$127.50 in a report on Tuesday, July 23rd. Finally, CIBC boosted their price objective on shares of Franco Nevada from C$120.00 to C$125.00 in a report on Monday, July 15th.

In other news, Senior Officer Eaun Harrison Gray sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$112.00, for a total value of C$560,000.00. Following the completion of the transaction, the insider now owns 203 shares in the company, valued at C$22,736. Also, Senior Officer Philip Dane Wilson sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of C$106.00, for a total transaction of C$848,000.00. Following the completion of the transaction, the insider now owns 11,139 shares of the company’s stock, valued at approximately C$1,180,734. Insiders sold 33,000 shares of company stock valued at $3,567,660 in the last quarter.

Franco Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.

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Earnings History for Franco Nevada (TSE:FNV)

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