In today’s session Franco Nevada Corp (FNV) registered an unusually high (904) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious FNV increase. With 904 contracts traded and 8434 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: FNV161021C00080000 closed last at: $0.15 or 62.5% down. About 1.34M shares traded hands or 88.20% up from the average. Franco Nevada Corp (NYSE:FNV) has risen 20.03% since March 1, 2016 and is uptrending. It has outperformed by 10.79% the S&P500.
Analysts await Franco Nevada Corp (NYSE:FNV) to report earnings on November, 9. They expect $0.24 EPS, up 100.00% or $0.12 from last year’s $0.12 per share. FNV’s profit will be $45.69 million for 67.03 P/E if the $0.24 EPS becomes a reality. After $0.22 actual EPS reported by Franco Nevada Corp for the previous quarter, Wall Street now forecasts 9.09% EPS growth.
Franco Nevada Corp (NYSE:FNV) Ratings Coverage
Out of 11 analysts covering Franco-Nevada Corp (NYSE:FNV), 3 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 27% are positive. $85 is the highest target while $47 is the lowest. The $61 average target is -5.21% below today’s ($64.35) stock price. Franco-Nevada Corp has been the topic of 21 analyst reports since August 11, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, August 24 report. The stock has “Equal-Weight” rating given by Barclays Capital on Thursday, January 14. As per Wednesday, January 20, the company rating was initiated by JP Morgan. Deutsche Bank upgraded the stock to “Hold” rating in Friday, September 9 report. On Tuesday, October 6 the stock rating was maintained by RBC Capital Markets with “Outperform”. The company was maintained on Monday, March 14 by JP Morgan. The stock of Franco Nevada Corp (NYSE:FNV) has “Hold” rating given on Monday, August 31 by Zacks. RBC Capital Markets maintained Franco Nevada Corp (NYSE:FNV) on Thursday, October 8 with “Outperform” rating. Goldman Sachs downgraded the stock to “Sell” rating in Wednesday, May 11 report. The stock of Franco Nevada Corp (NYSE:FNV) has “Outperform” rating given on Monday, September 14 by BMO Capital Markets.
Franco-Nevada Corporation is a gold-focused royalty and stream company. The company has a market cap of $12.25 billion. The Company’s additional interests are in platinum group metals and other resource assets. It has a 208.26 P/E ratio. The Firm operates in the segment of resource sector royalty/stream acquisitions and management activities.
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