Analysts Issue Forecasts for Franco-Nevada Co.’s Q3 2022 Earnings (TSE:FNV)

Franco-Nevada Co. (TSE:FNVGet Rating) (NYSE:FNV) – Analysts at Raymond James boosted their Q3 2022 earnings estimates for Franco-Nevada in a research note issued to investors on Thursday, May 5th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $1.24 per share for the quarter, up from their previous estimate of $1.22. Raymond James currently has a “Outperform” rating and a $174.00 target price on the stock. Raymond James also issued estimates for Franco-Nevada’s FY2023 earnings at $4.81 EPS.

A number of other brokerages also recently commented on FNV. BMO Capital Markets cut their target price on shares of Franco-Nevada from C$228.00 to C$227.00 in a research note on Monday, April 18th. Canaccord Genuity Group raised their price target on shares of Franco-Nevada from C$210.00 to C$215.00 in a report on Friday, April 22nd. CIBC raised their price target on shares of Franco-Nevada from C$240.00 to C$260.00 in a report on Thursday, March 10th. Barclays reaffirmed a “hold” rating and set a C$144.00 price target on shares of Franco-Nevada in a report on Thursday, March 10th. Finally, National Bankshares raised their price target on shares of Franco-Nevada from C$210.00 to C$225.00 in a report on Wednesday, April 20th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$199.64.

Shares of FNV stock opened at C$193.98 on Monday. The company’s fifty day simple moving average is C$200.66 and its 200-day simple moving average is C$183.65. Franco-Nevada has a 52 week low of C$158.27 and a 52 week high of C$216.32. The company has a current ratio of 17.39, a quick ratio of 15.26 and a debt-to-equity ratio of 1.63. The company has a market cap of C$37.14 billion and a PE ratio of 39.76.

Franco-Nevada (TSE:FNVGet Rating) (NYSE:FNV) last issued its earnings results on Wednesday, March 9th. The company reported C$1.08 EPS for the quarter, missing analysts’ consensus estimates of C$1.09 by C($0.01). The firm had revenue of C$413.15 million for the quarter, compared to analyst estimates of C$400.86 million.

In related news, Senior Officer Philip Dane Wilson sold 4,500 shares of Franco-Nevada stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of C$195.00, for a total value of C$877,500.00. Following the sale, the insider now directly owns 13,921 shares in the company, valued at approximately C$2,714,595. Also, Director David Harquail sold 20,000 shares of Franco-Nevada stock in a transaction dated Wednesday, March 30th. The shares were sold at an average price of C$201.38, for a total transaction of C$4,027,500.00. Following the completion of the sale, the director now owns 140,864 shares in the company, valued at C$28,366,488. Insiders sold a total of 57,553 shares of company stock valued at $11,502,552 over the last ninety days.

About Franco-Nevada (Get Rating)

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, the United States, Canada, and internationally. It operates in two segments, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids.

See Also

Earnings History and Estimates for Franco-Nevada (TSE:FNV)

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