Franco Nevada Corp to Post Q3 2019 Earnings of $0.59 Per Share, Raymond James Forecasts (TSE:FNV)

Franco Nevada Corp (TSE:FNV) (NYSE:FNV) – Equities research analysts at Raymond James upped their Q3 2019 earnings per share (EPS) estimates for shares of Franco Nevada in a report issued on Friday, October 18th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.59 per share for the quarter, up from their prior forecast of $0.53. Raymond James also issued estimates for Franco Nevada’s FY2019 earnings at $2.18 EPS.

Franco Nevada (TSE:FNV) (NYSE:FNV) last announced its earnings results on Wednesday, August 7th. The company reported C$0.46 earnings per share for the quarter, beating the consensus estimate of C$0.40 by C$0.06. The firm had revenue of C$228.07 million during the quarter, compared to analyst estimates of C$229.91 million.

A number of other research analysts also recently commented on FNV. National Bank Financial upped their price objective on shares of Franco Nevada from C$127.50 to C$130.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Bank of America upped their price objective on shares of Franco Nevada from C$128.50 to C$133.00 in a research note on Friday, August 16th. Canaccord Genuity upped their price objective on shares of Franco Nevada from C$125.00 to C$127.00 in a research note on Friday, July 19th. Eight Capital downgraded shares of Franco Nevada from a “buy” rating to a “neutral” rating and upped their price objective for the company from C$110.00 to C$125.00 in a research note on Thursday, August 8th. Finally, BMO Capital Markets upped their price objective on shares of Franco Nevada from C$110.00 to C$130.00 in a research note on Wednesday, September 11th.

Shares of FNV stock opened at C$122.45 on Monday. Franco Nevada has a twelve month low of C$80.09 and a twelve month high of C$133.92. The firm has a 50-day moving average price of C$125.01 and a 200 day moving average price of C$112.32. The company has a current ratio of 2.67, a quick ratio of 2.49 and a debt-to-equity ratio of 9.06. The company has a market capitalization of $22.95 billion and a price-to-earnings ratio of 152.30.

In other news, Senior Officer Philip Dane Wilson sold 15,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$125.61, for a total transaction of C$1,884,195.00. Following the completion of the transaction, the insider now owns 11,139 shares of the company’s stock, valued at approximately C$1,399,203.21. Also, Director Charles Thomas Ogryzlo sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$121.27, for a total transaction of C$1,212,680.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately C$121,268. In the last ninety days, insiders have sold 75,914 shares of company stock valued at $9,426,783.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a dividend of $0.58 per share. The ex-dividend date was Wednesday, September 11th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.89%. This is an increase from Franco Nevada’s previous quarterly dividend of $0.32. Franco Nevada’s dividend payout ratio is currently 120.65%.

About Franco Nevada

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 (TSE:FNV)

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