Franco Nevada Corp (NYSE:FNV) (TSE:FNV) – Analysts at Desjardins increased their Q1 2019 earnings per share estimates for Franco Nevada in a report issued on Friday, April 12th. Desjardins analyst J. Wolfson now forecasts that the basic materials company will post earnings of $0.28 per share for the quarter, up from their previous estimate of $0.25. Desjardins also issued estimates for Franco Nevada’s Q1 2020 earnings at $0.40 EPS, Q2 2020 earnings at $0.41 EPS, Q3 2020 earnings at $0.44 EPS, Q4 2020 earnings at $0.46 EPS and FY2020 earnings at $1.72 EPS.
Franco Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Tuesday, March 19th. The basic materials company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.02). The business had revenue of $148.20 million during the quarter, compared to analysts’ expectations of $157.37 million. Franco Nevada had a return on equity of 4.62% and a net margin of 21.28%. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share.
Several other analysts also recently commented on FNV. Barclays downgraded shares of Franco Nevada from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $74.00 to $73.00 in a research report on Tuesday, April 9th. TD Securities cut their price objective on shares of Franco Nevada from $93.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Raymond James reissued an “outperform” rating and set a $88.00 price objective on shares of Franco Nevada in a research report on Thursday, March 21st. Deutsche Bank increased their price objective on shares of Franco Nevada from $73.50 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, April 10th. Finally, Zacks Investment Research reissued a “hold” rating on shares of Franco Nevada in a research report on Monday, December 31st. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $89.86.
NYSE:FNV opened at $74.44 on Monday. The stock has a market capitalization of $13.96 billion, a PE ratio of 63.62, a price-to-earnings-growth ratio of 14.55 and a beta of 0.13. The company has a current ratio of 7.14, a quick ratio of 7.14 and a debt-to-equity ratio of 0.04. Franco Nevada has a 1-year low of $58.26 and a 1-year high of $78.82.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, March 13th. Franco Nevada’s payout ratio is presently 82.05%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legacy Advisors LLC purchased a new stake in shares of Franco Nevada during the 1st quarter valued at about $58,000. Deutsche Bank AG boosted its holdings in shares of Franco Nevada by 66.0% during the 4th quarter. Deutsche Bank AG now owns 1,243,324 shares of the basic materials company’s stock valued at $87,239,000 after acquiring an additional 494,289 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Franco Nevada during the 4th quarter valued at about $5,117,000. Norges Bank purchased a new stake in shares of Franco Nevada during the 4th quarter valued at about $195,542,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Franco Nevada by 10.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 72,863 shares of the basic materials company’s stock valued at $5,113,000 after acquiring an additional 6,630 shares during the last quarter. 67.87% of the stock is currently owned by hedge funds and other institutional investors.
Franco Nevada Company Profile
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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