Analysts forecast that Franco Nevada Corp (NYSE:FNV) (TSE:FNV) will announce sales of $174.04 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Franco Nevada’s earnings, with the highest sales estimate coming in at $181.08 million and the lowest estimate coming in at $165.05 million. Franco Nevada posted sales of $155.30 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.1%. The firm is expected to issue its next earnings report on Wednesday, March 28th.

On average, analysts expect that Franco Nevada will report full year sales of $174.04 million for the current financial year, with estimates ranging from $672.85 million to $735.00 million. For the next financial year, analysts expect that the firm will report sales of $725.22 million per share, with estimates ranging from $685.73 million to $791.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Franco Nevada.

Franco Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Monday, November 6th. The basic materials company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. Franco Nevada had a return on equity of 4.31% and a net margin of 22.12%. The business had revenue of $171.50 million during the quarter, compared to the consensus estimate of $167.07 million. During the same period last year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was down .3% compared to the same quarter last year.

Several analysts have recently weighed in on the company. TD Securities set a $96.00 target price on Franco Nevada and gave the stock a “buy” rating in a research report on Friday. ValuEngine upgraded Franco Nevada from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub upgraded Franco Nevada from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Royal Bank Of Canada reiterated a “buy” rating and set a $100.00 target price on shares of Franco Nevada in a research report on Monday, October 23rd. Finally, Credit Suisse Group downgraded Franco Nevada from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $78.00 to $80.00 in a research report on Monday, September 25th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $85.70.

Hedge funds have recently added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Franco Nevada by 3.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,900 shares of the basic materials company’s stock valued at $1,550,000 after acquiring an additional 800 shares in the last quarter. Vanguard Group Inc. grew its stake in Franco Nevada by 3.6% in the second quarter. Vanguard Group Inc. now owns 4,221,772 shares of the basic materials company’s stock valued at $304,643,000 after purchasing an additional 145,698 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in Franco Nevada in the third quarter valued at about $2,065,000. Sentry Investments Corp. purchased a new position in Franco Nevada in the second quarter valued at about $6,803,000. Finally, Kingfisher Capital LLC grew its stake in Franco Nevada by 5.2% in the second quarter. Kingfisher Capital LLC now owns 37,826 shares of the basic materials company’s stock valued at $2,730,000 after purchasing an additional 1,862 shares during the last quarter. Hedge funds and other institutional investors own 61.48% of the company’s stock.

Franco Nevada (FNV) traded down $0.53 during trading hours on Friday, hitting $80.65. The stock had a trading volume of 859,691 shares, compared to its average volume of 536,498. Franco Nevada has a fifty-two week low of $53.31 and a fifty-two week high of $86.06. The company has a market capitalization of $15,070.00, a P/E ratio of 78.03, a price-to-earnings-growth ratio of 19.14 and a beta of -0.14.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.92 annualized dividend and a dividend yield of 1.14%. Franco Nevada’s payout ratio is currently 113.58%.

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Franco Nevada Company Profile

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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Earnings History and Estimates for Franco Nevada (NYSE:FNV)

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