Franco Nevada Corp (TSE:FNV) (NYSE:FNV) – Research analysts at National Bank Financial cut their FY2018 earnings estimates for shares of Franco Nevada in a note issued to investors on Wednesday. National Bank Financial analyst S. Nagle now expects that the company will earn $1.40 per share for the year, down from their prior estimate of $1.50. National Bank Financial has a “Sector Perform” rating and a $100.00 price objective on the stock. National Bank Financial also issued estimates for Franco Nevada’s FY2020 earnings at $1.73 EPS.
Other equities analysts have also issued research reports about the stock. TD Securities dropped their target price on shares of Franco Nevada to C$124.00 and set a “buy” rating on the stock in a report on Friday, December 1st. Canaccord Genuity dropped their price objective on shares of Franco Nevada from C$126.00 to C$122.00 in a report on Thursday, March 8th. Eight Capital reiterated a “neutral” rating on shares of Franco Nevada in a report on Thursday, November 16th. Royal Bank of Canada upped their price objective on shares of Franco Nevada from C$100.00 to C$116.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. Finally, Desjardins reiterated a “sell” rating on shares of Franco Nevada in a report on Monday, December 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$114.29.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.283 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.13 annualized dividend and a dividend yield of 1.27%. Franco Nevada’s dividend payout ratio is currently 66.18%.
In other news, Director Pierre Lassonde sold 20,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of C$97.96, for a total transaction of C$1,959,200.00.
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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