Published: Sat, August 12, 2017
Markets | By Noel Gibbs

Franco-Nevada Corporation (NASDAQ:FNV) Expected To Report Earnings On Tuesday


Shares of the company are trading at $77.55 much higher than $72.65, the 50 day moving average and quite a bit above the 200 day moving average of $69.09. Stratos Wealth Partners LTD. purchased a new position in Franco-Nevada Corporation during the first quarter worth $201,000.

A number of other equities research analysts also recently issued reports on the stock. The value of the total investment in Franco-Nevada Corporation went from $18,714,000 to $25,489,000 a change of 36.2% quarter over quarter. Korea Investment CORP now owns 11,234 shares of the basic materials company's stock valued at $809,000 after buying an additional 212 shares during the last quarter. Shell Asset Management boosted its stake in stocks of Franco-Nevada Corporation by 9.7% in the Q1.

As of quarter end Ci Global Investments Inc. had sold a total of 27,684 shares trimming its position 1.8%. This is a positive change from Franco Nevada Corp's previous quarterly dividend of $0.21. Clarkson Capital initiated the shares of FNV in report on Tuesday, February 16 with "Buy" rating. Envestnet Asset Management Inc. boosted its position in Franco-Nevada Corporation by 224.6% in the fourth quarter. Chase Investment Counsel Corp now owns 4,365 shares of the basic materials company's stock valued at $314,000 after buying an additional 305 shares during the last quarter. Finally, Great West Life Assurance Co. Ci Global Investments Inc. now owns 1,502,060 shares worth $108,389,000. The company has market cap of $14.40 billion.

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Franco-Nevada Corporation (NYSE:FNV) is on recovery track with 41.25% gain from a 1-year low price of $53.31. In the last earnings report the EPS was $0.78 and is expected to be $0.98 for the current year with 182,399,000 shares presently outstanding.

Looking forward, for the quarter ending Sep-17, 5 analysts have a mean sales target of 164.26 million. Franco-Nevada Corporation had a return on equity of 4.35% and a net margin of 21.17%. The firm's revenue for the quarter was up 8.8% compared to the same quarter a year ago. They expect $-0.68 earnings per share, down 9.68% or $0.06 from last year's $-0.62 per share.

06/06/2017 - Franco-Nevada Corporation had its "equal weight" rating reiterated by analysts at Barclays.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be issued a dividend of $0.23 per share. The ex-dividend date was set for Tuesday the 13th of June 2017. This represents a $0.92 dividend on an annualized basis and a yield of 0.93%. "Decreases Position in Franco-Nevada Corporation (NYSE:FNV)" was first posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of USA & global copyright and trademark legislation. The correct version of this piece of content can be viewed at https://rinconhillneighbors.org/2017/08/12/franco-nevada-corp-fnv-pt-raised-to-c114-00.html. Canaccord Genuity maintained Franco Nevada Corp (NYSE:FNV) on Tuesday, August 11 with "Buy" rating. The count of Hold ratings in that period was 11. Franco Nevada Corp now has a consensus rating of "Buy" and a consensus target price of C$96.83. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. The stock was sold at an average price of C$100.01, for a total transaction of C$1,500,150.00.

Several analysts have released their opinion on Franco-Nevada Corporation (NYSE:FNV), with 2 analysts believing it is a strong buy. It also has interests in silver ores; platinum group metals, including palladium; other minerals comprising base metals, iron ore, coal, and industrial and miscellaneous minerals; and oil and gas properties. The Firm is engaged in resource sector royalty/stream acquisitions and management activities.

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