Franco Nevada Corp (TSE:FNV) (NYSE:FNV) – Desjardins increased their Q4 2018 EPS estimates for Franco Nevada in a research note issued to investors on Tuesday, July 10th. Desjardins analyst J. Wolfson now expects that the company will post earnings of $0.45 per share for the quarter, up from their previous forecast of $0.43. Desjardins also issued estimates for Franco Nevada’s Q2 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.45 EPS and FY2019 earnings at $1.68 EPS.
Separately, National Bank Financial upped their price objective on Franco Nevada from C$105.00 to C$107.50 in a research note on Thursday, May 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$115.36.
TSE:FNV opened at C$96.43 on Wednesday. Franco Nevada has a one year low of C$85.21 and a one year high of C$110.18.
Franco Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings data on Wednesday, May 9th. The company reported C$0.43 EPS for the quarter, topping the consensus estimate of C$0.36 by C$0.07. The firm had revenue of C$218.82 million during the quarter, compared to analyst estimates of C$207.86 million. Franco Nevada had a return on equity of 5.21% and a net margin of 34.99%.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 28th. Shareholders of record on Thursday, June 14th were paid a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Wednesday, June 13th. This is a positive change from Franco Nevada’s previous quarterly dividend of $0.28.
About Franco Nevada
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Peru, Chile, Australia, and Africa. The company also holds interests in silver, platinum group metals, oil and gas, and other resource assets. As of December 31, 2017, it had a portfolio of 341 assets.
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