Franco-Nevada Corporation (NYSE:FNV)

Franco-Nevada Corporation logo

A number of other institutional investors have also recently made changes to their positions in the stock. Korea Investment acquired a new position in Franco-Nevada Corporation during the Q1 worth at $720,000. In the last ninety days, insiders have sold 162,000 shares of company stock valued at $16,008,920. Shell Asset Management boosted its stake in stocks of Franco-Nevada Corporation by 9.7% in the Q1. As of the end of the quarter Public Sector Pension Investment Board had bought a total of 67,300 shares growing its stake by 23.5%. This is a positive change from Franco Nevada Corp's previous quarterly dividend of $0.21. 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 in the last quarter. Capstone Asset Management Co. raised its position in shares of Franco-Nevada Corporation by 0.5% in the second quarter. The company was downgraded on Thursday, February 4 by Credit Suisse. Edmond DE Rothschild Holding S.A. now owns 46,050 shares of the basic materials company's stock valued at $3,324,000 after buying an additional 350 shares during the period.

Analysts on average have given a price target of $74.37 to Franco-Nevada Corporation (FNV) stock. The firm has a market cap of $18.05 billion and a price-to-earnings ratio of 126.87. The stock's 50 day moving average is $72.65 and its 200-day moving average is $69.09. Franco-Nevada Corporation has a one year low of $53.31 and a one year high of $79.17.

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With 78,600 avg volume, 27 days are for Chemocentryx Incorporated (NASDAQ:CCXI)'s short sellers to cover CCXI's short positions. In other news, CFO Anthony Park sold 138,941 shares of Fidelity National Financial stock in a transaction on Friday, May 19th.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last released its earnings results on Tuesday, August 8th. 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. The firm had revenue of $163.60 million for the quarter, compared to analysts' expectations of $164.62 million. Franco-Nevada Corporation was incorporated in 2007 and is headquartered in Toronto, Canada. The firm has estimated EPS growth for next year stands at 10.30%. During the same period in the prior year, the business earned $0.22 EPS.

Analysts at National Bank Financial decreased their Q3 2017 earnings estimates for shares of Franco-Nevada Corporation in a research note issued on Tuesday. The company also recently declared a dividend for shareholders 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 ex-dividend date is Wednesday, September 13th. The dividend was $0.220 per share for the quarter or $0.88 on an annualized basis. Franco-Nevada Corporation's payout ratio is 119.48%.

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WARNING: This article was originally reported by Transcript Daily and is the property of of Transcript Daily. "Maintains Position in Franco-Nevada Corporation (FNV)" was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and republished in violation of US and global copyright and trademark law. The legal version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/08/12/q3-2017-eps-estimates-for-franco-nevada-corp-cut-by-analyst-tsefnv.html. Finally, Deutsche Bank AG reaffirmed a "hold" rating and issued a $64.00 price target (down from $65.00) on shares of Franco-Nevada Corporation in a report on Sunday, June 25th. The stock of Franco Nevada Corp (NYSE:FNV) has "Buy" rating given on Tuesday, November 15 by Canaccord Genuity. The firm has "Neutral" rating given on Monday, March 28 by UBS.

11/08/2016 - Franco-Nevada Corporation had its "sector perform" rating reiterated by analysts at Scotiabank. On Wednesday, October 26 the stock rating was initiated by Desjardins Securities with "Buy". The stock's average target of $214.33 is -14.86% below today's ($251.75) share price.

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The short interest to Franco Nevada Corporation's float is 2.02%. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services.

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