Franco-Nevada (FNV) Set to Announce Quarterly Earnings on Wednesday

Franco-Nevada (TSE:FNV) (NYSE:FNV) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$1.17 per share for the quarter.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its earnings results on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing the consensus estimate of C$1.07 by C($0.04). The company had revenue of C$355.88 million for the quarter. Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%.

Franco-Nevada Stock Performance

Shares of TSE:FNV opened at C$191.03 on Wednesday. The company has a market cap of C$36.76 billion, a P/E ratio of -45.59, a PEG ratio of 5.00 and a beta of 0.68. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11. Franco-Nevada has a one year low of C$139.19 and a one year high of C$191.17. The business’s 50-day simple moving average is C$170.21 and its 200 day simple moving average is C$168.54.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.497 per share. This represents a $1.99 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Thursday, September 12th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.49. Franco-Nevada’s dividend payout ratio (DPR) is -46.30%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FNV shares. CIBC raised their price objective on Franco-Nevada from C$250.00 to C$265.00 in a research note on Wednesday, July 10th. Canaccord Genuity Group raised their price objective on Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. BMO Capital Markets raised their price objective on Franco-Nevada from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. National Bankshares lowered their price objective on Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. Finally, Stifel Nicolaus raised their price objective on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$192.80.

Insider Transactions at Franco-Nevada

In related news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the acquisition, the director now owns 805 shares in the company, valued at approximately C$136,001.53. Insiders own 0.69% of the company’s stock.

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.