Franco Nevada Corp (NYSE:FNV) (TSE:FNV) – National Bank Financial issued their Q1 2018 earnings per share estimates for Franco Nevada in a note issued to investors on Wednesday. National Bank Financial analyst S. Nagle expects that the basic materials company will earn $0.27 per share for the quarter. National Bank Financial also issued estimates for Franco Nevada’s Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.27 EPS and Q4 2018 earnings at $0.27 EPS.
Franco Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Wednesday, March 7th. The basic materials company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). Franco Nevada had a return on equity of 4.44% and a net margin of 28.84%. The company had revenue of $167.00 million for the quarter, compared to analysts’ expectations of $171.99 million. During the same quarter in the previous year, the business earned $0.24 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis.
Shares of Franco Nevada (NYSE FNV) opened at $68.17 on Friday. Franco Nevada has a one year low of $60.57 and a one year high of $86.06. The stock has a market cap of $12,570.00, a P/E ratio of 64.31, a PEG ratio of 14.44 and a beta of -0.02.
Institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its stake in Franco Nevada by 453.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,922 shares of the basic materials company’s stock valued at $149,000 after buying an additional 1,575 shares in the last quarter. American International Group Inc. bought a new position in Franco Nevada in the 4th quarter valued at $197,000. Gratus Capital LLC bought a new position in Franco Nevada in the 3rd quarter valued at $201,000. Cigna Investments Inc. New bought a new position in Franco Nevada in the 4th quarter valued at $203,000. Finally, Compagnie Lombard Odier SCmA boosted its holdings in Franco Nevada by 52.6% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 2,900 shares of the basic materials company’s stock valued at $232,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 61.12% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.92 dividend on an annualized basis and a yield of 1.35%. Franco Nevada’s dividend payout ratio is 86.79%.
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Franco Nevada Company Profile
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
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