Franco-Nevada Corporation (NYSE:FNV) Given Price Target Of $76.804


As per Franco-Nevada Corporation (NYSE:FNV)’s news release on 2016-08-09, its shareholders will get cash dividend of $0.22 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-15 and 2016-09-29, respectively.

The stock will commence trading ex-dividend from 2016-09-13, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Franco-Nevada Corporation (NYSE:FNV) disbursed $0.22 in dividend compared to distribution of $0.22, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 6.4103%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Franco-Nevada Corporation (NYSE:FNV) to attain a price target of $76.804. It is an average estimate figure given by 10 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $90.94. The low price range is set at $58.5 for next year while the arithmetic mean is seen at 2.4.

Eyeing Earnings Franco-Nevada Corporation (NYSE:FNV) is likely to post quarterly numbers around 2016-11-09 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.24 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Franco-Nevada Corporation (NYSE:FNV) earnings came at $0.22 suggesting a deviation of $0.02. The brokerages targeted EPS of $0.2 for the quarter.

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