Among 16 analysts covering Franco-Nevada Corp (NYSE:FNV), 8 have Buy rating, 1 Sell and 7 Hold. Hedge funds and other institutional investors own 63.49% of the company's stock. As of the end of the quarter Fiera Capital Corp had acquired 277,080 shares growing its holdings by 33.5%.
These firms have also modified their investment in FNV. Franco-Nevada Corporation earned a news sentiment score of 0.31 on Accern's scale. Also, insider Lena Miller sold 3,300 shares of the company's stock in a transaction that occurred on Tuesday, May 16th. Ci Global Investments Inc. now owns 1,502,060 shares worth $108,389,000. Clarkson Capital restated a "neutral" rating on shares of Franco Nevada Corp in a research note on Wednesday, May 10th. Can now owns 1,389,027 shares of the basic materials company's stock valued at $90,859,000 after buying an additional 183,038 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new stake in Franco-Nevada Corporation during the first quarter worth $201,000. The company was downgraded on Thursday, February 4 by Credit Suisse. The value of the investment in (FNV) increased from $18,714,000 to $25,489,000 a change of $6,775,000 quarter over quarter. 740,758 shares of the stock were exchanged.
Franco-Nevada Corporation (FNV) shares jumped and closed the day at $75.3, with the percent change of 3.58%. Franco-Nevada Corporation has a 52 week low of $53.31 and a 52 week high of $80.00. The stock's average target of $38.34 is -6.87% below today's ($41.17) share price.
Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last announced its earnings results on Tuesday, August 8th. In the last earnings report the EPS was $0.78 and is estimated to be $0.98 for the current year with 182,399,000 shares now outstanding.
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The company's Average Revenue Estimate for the current quarter is $164.26 Million, while Low and High Revenue Estimates are $150.2 Million and $170.27 Million respectively. Franco-Nevada Corporation had a return on equity of 4.35% and a net margin of 21.17%. They expect $-0.68 earnings per share, down 9.68% or $0.06 from last year's $-0.62 per share. Franco-Nevada Corporation also recently declared a dividend paid on Thursday the 29th of June 2017. Investors of record on Thursday, September 14th will be given a dividend of $0.23 per share. The dividend payment was $0.220 per share for the quarter which comes to $0.88 on an annualized basis. Franco-Nevada Corporation's payout ratio is 119.48%.
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Several brokerages have weighed in on FNV. Finally, Scotiabank increased their price objective on shares of Franco Nevada Corp to C$99.00 and gave the company a "sector perform" rating in a research note on Thursday, May 11th. UBS downgraded Franco Nevada Corp (NYSE:FNV) on Monday, March 28 to "Neutral" rating. Barclays PLC reissued an "equal weight" rating and issued a $74.00 price objective (up from $68.00) on shares of Franco-Nevada Corporation in a research report on Tuesday, June 6th. Deutsche Bank AG reiterated a "hold" recommendation and given a $64.00 price target (down prior from $65.00) on stocks of Franco-Nevada Corporation in a note on Sunday, Jun 25th. Franco-Nevada Corporation has a consensus rating of "Buy" and a consensus price target of $78.89. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Barometer Capital Management Inc. now owns 288,200 shares of the basic materials company's stock valued at $20,797,000 after buying an additional 281,200 shares during the last quarter.
More interesting news about Franco Nevada Corp (NYSE:FNV) was released by: Gurufocus.com and their article: "Franco-Nevada to Report 2nd Quarter Next Week" with publication date: August 02, 2017. The Company has interests in silver, platinum group metals, oil and gas and other resource assets.