FY2017 EPS Estimates for Franco Nevada Corp Lowered by National Bank Financial (FNV)
Franco Nevada Corp (TSE:FNV) – Equities researchers at National Bank Financial reduced their FY2017 earnings estimates for shares of Franco Nevada Corp in a research note issued on Wednesday. National Bank Financial analyst S. Nagle now expects that the firm will post earnings of $1.44 per share for the year, down from their previous estimate of $1.61. National Bank Financial has a “Sector Perform Market Weight” rating on the stock.
FNV has been the subject of several other reports. CIBC upped their price target on shares of Franco Nevada Corp from C$100.00 to C$110.00 in a report on Wednesday, August 10th. TD Securities reiterated a “hold” rating and set a C$77.00 price target on shares of Franco Nevada Corp in a report on Wednesday, August 10th. Finally, Canaccord Genuity lowered their price target on shares of Franco Nevada Corp from C$105.00 to C$86.00 in a report on Tuesday, July 12th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Franco Nevada Corp presently has an average rating of “Hold” and an average price target of C$82.75.
Franco Nevada Corp (TSE:FNV) opened at 83.27 on Monday. The company has a market capitalization of $14.83 billion and a price-to-earnings ratio of 246.36. Franco Nevada Corp has a 12-month low of $58.67 and a 12-month high of $105.69. The firm’s 50-day moving average price is $91.75 and its 200 day moving average price is $91.59.
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Franco Nevada Corp Company Profile
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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