National Bank Financial Equities Analysts Reduce Earnings Estimates for Franco Nevada Corp (FNV)

Franco Nevada Corp (TSE:FNV) – Equities research analysts at National Bank Financial dropped their FY2016 earnings per share (EPS) estimates for Franco Nevada Corp in a research note issued on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the firm will post earnings of $1.10 per share for the year, down from their prior estimate of $1.15. National Bank Financial currently has a “Sector Perform Market Weight” rating on the stock.

Earnings History and Estimates for Franco Nevada Corp (TSE:FNV)

Several other analysts have also weighed in on the stock. TD Securities reiterated a “hold” rating and issued a C$77.00 price objective on shares of Franco Nevada Corp in a research note on Wednesday, August 10th. CIBC lifted their price target on shares of Franco Nevada Corp from C$100.00 to C$110.00 in a research report on Wednesday, August 10th. Finally, Canaccord Genuity reduced their price target on shares of Franco Nevada Corp from C$105.00 to C$86.00 in a research report on Tuesday, July 12th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of C$82.08.

Franco Nevada Corp (TSE:FNV) opened at 83.27 on Friday. Franco Nevada Corp has a 12 month low of $58.67 and a 12 month high of $105.69. The company has a market capitalization of $14.83 billion and a price-to-earnings ratio of 246.36. The stock has a 50 day moving average of $91.75 and a 200 day moving average of $91.59.

About Franco Nevada Corp

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.

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