Franco-Nevada (FNV) Posts Quarterly Earnings, Beats Estimates By $0.01 EPS
Franco-Nevada (TSE:FNV) posted its quarterly earnings results on Thursday. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.01, Stock Ratings News reports.
Franco-Nevada (TSE:FNV) opened at 63.57 on Thursday. Franco-Nevada has a 52 week low of $39.41 and a 52 week high of $64.41. The stock has a 50-day moving average of $60.87 and a 200-day moving average of $55.18. The company has a market cap of $9.365 billion and a price-to-earnings ratio of 738.10.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.26%.
A number of research firms have recently commented on FNV. Analysts at TD Securities raised their price target on shares of Franco-Nevada from C$52.00 to C$57.00 in a research note on Thursday, July 10th. Analysts at RBC Capital raised their price target on shares of Franco-Nevada from C$64.00 to C$71.00 in a research note on Wednesday, July 2nd. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$59.25.
Franco-Nevada Corporation (TSE:FNV) is a gold-focused royalty and stream company with interests in platinum group metals (PGMs), oil and gas and other resource assets.
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