Franco-Nevada (FNV) to Release Quarterly Earnings on Wednesday

Franco-Nevada (TSE:FNV) (NYSE:FNV) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of C$0.93 per share for the quarter.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.16. The business had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%.

Franco-Nevada Trading Up 0.7 %

TSE FNV opened at C$163.08 on Wednesday. The company has a fifty day simple moving average of C$155.54 and a two-hundred day simple moving average of C$157.03. The stock has a market cap of C$31.34 billion, a P/E ratio of -48.97, a P/E/G ratio of 5.00 and a beta of 0.63. Franco-Nevada has a 12-month low of C$139.19 and a 12-month high of C$217.70. The company has a current ratio of 41.21, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.47. Franco-Nevada’s dividend payout ratio (DPR) is -58.86%.

Insider Buying and Selling at Franco-Nevada

In other Franco-Nevada news, Senior Officer Sandip Rana sold 10,749 shares of Franco-Nevada stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total value of C$1,722,952.91. In other news, Senior Officer Eaun Harrison Gray sold 330 shares of Franco-Nevada stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$156.69, for a total value of C$51,707.70. Also, Senior Officer Sandip Rana sold 10,749 shares of Franco-Nevada stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. Over the last quarter, insiders sold 16,839 shares of company stock valued at $2,686,396. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Bank of America raised their target price on shares of Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. BMO Capital Markets reduced their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a report on Wednesday, March 6th. National Bankshares reduced their target price on shares of Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating for the company in a report on Thursday, March 7th. Scotiabank reduced their target price on shares of Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a report on Thursday, March 7th. Finally, Raymond James reduced their target price on shares of Franco-Nevada from C$146.00 to C$138.00 and set an “outperform” rating for the company in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$187.50.

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.