Franco-Nevada Corporation (FNV) Set to Announce Earnings on Monday
Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) is scheduled to be posting its quarterly earnings results before the market opens on Monday, November 6th. Analysts expect Franco-Nevada Corporation to post earnings of $0.26 per share for the quarter.
Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Tuesday, August 8th. The basic materials company reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. Franco-Nevada Corporation had a net margin of 21.26% and a return on equity of 4.39%. The firm had revenue of $163.60 million for the quarter, compared to analyst estimates of $164.62 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, analysts expect Franco-Nevada Corporation to post $1.02 EPS for the current fiscal year and $1.09 EPS for the next fiscal year.
Shares of Franco-Nevada Corporation (NYSE:FNV) traded up 0.45% during trading on Monday, hitting $79.60. 134,424 shares of the stock traded hands. Franco-Nevada Corporation has a 12 month low of $53.31 and a 12 month high of $85.03. The firm has a market cap of $14.76 billion, a price-to-earnings ratio of 100.38 and a beta of -0.12. The company has a 50 day moving average price of $79.80 and a 200 day moving average price of $74.87.
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Several research firms recently commented on FNV. Credit Suisse Group set a $78.00 price objective on shares of Franco-Nevada Corporation and gave the stock a “buy” rating in a research note on Tuesday, July 18th. BidaskClub raised shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Scotiabank boosted their price objective on shares of Franco-Nevada Corporation from $79.50 to $82.00 and gave the stock a “sector perform” rating in a research note on Friday, September 8th. Royal Bank Of Canada reissued a “buy” rating and set a $100.00 price objective on shares of Franco-Nevada Corporation in a research note on Monday, October 23rd. Finally, ValuEngine raised shares of Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $81.65.
About Franco-Nevada Corporation
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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