Franco-Nevada (NYSE:FNV) Posts Quarterly Earnings Results

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV issued its quarterly earnings results on Wednesday. The basic materials company reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.03), Briefing.com reports. Franco-Nevada had a negative net margin of 51.64% and a positive return on equity of 10.56%. The firm had revenue of $275.70 million for the quarter, compared to analysts' expectations of $279.11 million. During the same period in the prior year, the company earned $0.91 EPS. The firm's quarterly revenue was down 10.9% on a year-over-year basis.

Franco-Nevada Trading Down 4.7 %

Shares of NYSE FNV traded down $6.16 during midday trading on Thursday, hitting $126.02. 638,244 shares of the company's stock were exchanged, compared to its average volume of 652,161. The business's fifty day moving average price is $126.57 and its two-hundred day moving average price is $124.09. The company has a market cap of $24.26 billion, a price-to-earnings ratio of -43.48, a PEG ratio of 22.08 and a beta of 0.75. Franco-Nevada has a 12-month low of $102.29 and a 12-month high of $137.60.

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, September 12th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.14%. Franco-Nevada's dividend payout ratio (DPR) is presently -47.37%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FNV. Jefferies Financial Group lowered their price target on shares of Franco-Nevada from $137.00 to $136.00 and set a "hold" rating on the stock in a research report on Thursday, October 17th. Bank of America lowered Franco-Nevada from a "buy" rating to a "neutral" rating and cut their price target for the stock from $142.00 to $139.00 in a report on Tuesday, October 1st. TD Cowen upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Thursday, August 15th. HC Wainwright reissued a "buy" rating and set a $185.00 price objective on shares of Franco-Nevada in a report on Friday, August 16th. Finally, StockNews.com raised Franco-Nevada from a "sell" rating to a "hold" rating in a report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $154.57.

About Franco-Nevada

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.

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