Franco Nevada Corp (FNV) Set to Announce Earnings on Monday
Franco Nevada Corp (TSE:FNV) (NYSE:FNV) is scheduled to be posting its quarterly earnings results before the market opens on Monday, November 6th. Analysts expect Franco Nevada Corp to post earnings of C$0.33 per share for the quarter.
Shares of Franco Nevada Corp (TSE:FNV) traded up 1.03% during mid-day trading on Monday, reaching $102.75. 96,251 shares of the company traded hands. Franco Nevada Corp has a 52-week low of $71.44 and a 52-week high of $104.00. The stock has a market capitalization of $19.06 billion and a PE ratio of 129.57. The stock’s 50 day moving average is $99.33 and its 200 day moving average is $96.49.
A number of analysts recently weighed in on FNV shares. Canaccord Genuity increased their price target on shares of Franco Nevada Corp from C$118.00 to C$119.00 in a research report on Friday, October 20th. CIBC increased their target price on Franco Nevada Corp from C$105.00 to C$110.00 in a research note on Thursday, August 10th. Bank of America Corporation raised their price target on shares of Franco Nevada Corp from C$107.00 to C$110.00 in a research note on Friday, September 8th. Finally, Scotiabank raised their price target on shares of Franco Nevada Corp to C$100.00 and gave the stock a “sector perform” rating in a research note on Friday, September 8th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$99.57.
In related news, insider Kerry Elwyn Sparkes sold 643 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of C$103.36, for a total value of C$66,460.48. Also, Director Derek Watson Evans sold 65,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of C$99.81, for a total transaction of C$6,487,650.00.
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About Franco Nevada Corp
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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