Franco-Nevada (FNV) Expected to Announce Quarterly Earnings on Monday

Franco-Nevada (NYSE:FNV) (TSE:FNV) is projected to issue its quarterly earnings data before the market opens on Monday, March 10th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $304.33 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Franco-Nevada Stock Up 0.5 %

FNV stock opened at $143.36 on Friday. The firm has a 50 day moving average of $133.80 and a 200 day moving average of $127.28. The stock has a market capitalization of $27.60 billion, a PE ratio of -45.37, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73. Franco-Nevada has a 52 week low of $111.98 and a 52 week high of $146.70.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.06%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, March 13th. Franco-Nevada’s payout ratio is presently -48.10%.

Analyst Upgrades and Downgrades

Several brokerages have commented on FNV. StockNews.com upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Friday. Royal Bank of Canada lifted their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 11th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. UBS Group began coverage on shares of Franco-Nevada in a research note on Monday, November 18th. They set a “buy” rating and a $160.00 price objective for the company. Finally, Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $146.71.

About Franco-Nevada

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.