Franco Nevada Corp (NYSE:FNV) to Post FY2019 Earnings of $1.74 Per Share, National Bank Financial Forecasts

Franco Nevada Corp (NYSE:FNV) (TSE:FNV) – Analysts at National Bank Financial lifted their FY2019 earnings per share (EPS) estimates for Franco Nevada in a research report issued on Monday, November 11th. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings of $1.74 per share for the year, up from their previous estimate of $1.60. National Bank Financial also issued estimates for Franco Nevada’s FY2020 earnings at $2.23 EPS.

Franco Nevada (NYSE:FNV) (TSE:FNV) last posted its earnings results on Monday, November 11th. The basic materials company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. Franco Nevada had a net margin of 22.42% and a return on equity of 4.83%. The business had revenue of $235.70 million for the quarter, compared to analysts’ expectations of $223.73 million. During the same period in the previous year, the company posted $0.29 earnings per share. The business’s revenue for the quarter was up 38.2% compared to the same quarter last year.

A number of other research analysts have also recently commented on the stock. Deutsche Bank boosted their target price on shares of Franco Nevada from $81.00 to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. boosted their target price on shares of Franco Nevada from $110.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Credit Suisse Group boosted their target price on shares of Franco Nevada from $84.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Raymond James set a $108.00 target price on shares of Franco Nevada and gave the stock an “outperform” rating in a research report on Wednesday. Finally, ValuEngine cut shares of Franco Nevada from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $104.32.

NYSE FNV opened at $98.16 on Wednesday. The company’s fifty day simple moving average is $94.47 and its 200-day simple moving average is $87.33. Franco Nevada has a 52 week low of $63.22 and a 52 week high of $101.19. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.06. The stock has a market cap of $18.46 billion and a P/E ratio of 83.90.

Several large investors have recently modified their holdings of the stock. Confluence Investment Management LLC increased its stake in shares of Franco Nevada by 4.5% in the second quarter. Confluence Investment Management LLC now owns 3,538 shares of the basic materials company’s stock worth $300,000 after buying an additional 151 shares during the last quarter. Signaturefd LLC increased its stake in shares of Franco Nevada by 13.7% in the second quarter. Signaturefd LLC now owns 1,601 shares of the basic materials company’s stock worth $136,000 after buying an additional 193 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of Franco Nevada by 24.2% in the second quarter. Riverhead Capital Management LLC now owns 1,025 shares of the basic materials company’s stock worth $84,000 after buying an additional 200 shares during the last quarter. Tyers Asset Management LLC increased its stake in shares of Franco Nevada by 17.6% in the second quarter. Tyers Asset Management LLC now owns 1,392 shares of the basic materials company’s stock worth $114,000 after buying an additional 208 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its stake in shares of Franco Nevada by 8.9% in the second quarter. Commonwealth Bank of Australia now owns 2,581 shares of the basic materials company’s stock worth $217,000 after buying an additional 211 shares during the last quarter. Institutional investors and hedge funds own 63.58% of the company’s stock.

Franco Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.

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

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