Franco-Nevada (FNV) to Release Earnings on Monday

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV is expected to post its quarterly earnings results before the market opens on Monday, March 10th. Analysts expect Franco-Nevada to post earnings of $0.89 per share and revenue of $304.33 million for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Franco-Nevada Trading Down 1.0 %

Shares of FNV traded down $1.42 during mid-day trading on Thursday, reaching $144.60. 246,248 shares of the stock traded hands, compared to its average volume of 614,278. The company has a market cap of $27.84 billion, a price-to-earnings ratio of -45.74, a price-to-earnings-growth ratio of 9.78 and a beta of 0.74. Franco-Nevada has a 1 year low of $109.44 and a 1 year high of $146.71. The firm has a fifty day moving average price of $132.29 and a 200 day moving average price of $126.88.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.05%. This is a boost from Franco-Nevada's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, March 13th. Franco-Nevada's payout ratio is presently -48.10%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Royal Bank of Canada raised their price target on Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a report on Tuesday, February 11th. Canaccord Genuity Group raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. UBS Group started coverage on shares of Franco-Nevada in a report on Monday, November 18th. They issued a "buy" rating and a $160.00 price target on the stock. Scotiabank dropped their price objective on shares of Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating for the company in a report on Friday, November 8th. Finally, HC Wainwright reissued a "buy" rating and issued a $155.00 target price on shares of Franco-Nevada in a research note on Tuesday, January 28th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $146.71.

Remove Ads

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.