Franco Nevada Corp Expected to Post Q4 2017 Earnings of $0.35 Per Share (FNV)

Franco Nevada Corp (TSE:FNV) (NYSE:FNV) – Research analysts at National Bank Financial cut their Q4 2017 EPS estimates for Franco Nevada in a research note issued on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.35 per share for the quarter, down from their previous forecast of $0.37.

Franco Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings data on Monday, November 6th. The company reported C$0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.33 by C$0.04. The company had revenue of C$171.50 million for the quarter, compared to analysts’ expectations of C$210.03 million. Franco Nevada had a net margin of 34.99% and a return on equity of 5.21%.

A number of other equities analysts have also recently issued reports on the stock. Eight Capital reissued a “neutral” rating on shares of Franco Nevada in a research report on Thursday, November 16th. Desjardins reissued a “sell” rating on shares of Franco Nevada in a research report on Monday, December 11th. TD Securities cut their price objective on shares of Franco Nevada to C$124.00 and set a “buy” rating on the stock in a research report on Friday, December 1st. Royal Bank of Canada increased their price objective on shares of Franco Nevada from C$100.00 to C$116.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. Finally, Canaccord Genuity increased their price objective on shares of Franco Nevada from C$121.00 to C$125.00 in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$115.07.

Franco Nevada (FNV) opened at C$92.23 on Monday. The stock has a market cap of $17,100.00, a PE ratio of 94.11 and a beta of -0.53. Franco Nevada has a 1 year low of C$81.01 and a 1 year high of C$110.18.

In related news, Director David Harquail sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of C$99.33, for a total value of C$496,650.00. Also, Director Pierre Lassonde sold 20,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$97.96, for a total transaction of C$1,959,200.00. Insiders sold a total of 29,000 shares of company stock worth $2,843,090 in the last 90 days.

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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.

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

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