In today’s session Franco Nevada Corp (FNV) recorded an unusually high (3,518) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious FNV decrease. With 3,518 contracts traded and 8584 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: FNV161216P00055000 closed last at: $1.45 or 16% up. About 93,820 shares traded hands. Franco Nevada Corp (NYSE:FNV) has declined 14.66% since April 22, 2016 and is downtrending. It has underperformed by 20.07% the S&P500.
Analysts await Franco Nevada Corp (NYSE:FNV) to report earnings on March, 9. They expect $0.25 earnings per share, up 66.67% or $0.10 from last year’s $0.15 per share. FNV’s profit will be $44.51M for 57.06 P/E if the $0.25 EPS becomes a reality. After $0.30 actual earnings per share reported by Franco Nevada Corp for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.
Franco Nevada Corp (NYSE:FNV) Ratings Coverage
Out of 14 analysts covering Franco-Nevada Corp (NYSE:FNV), 5 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 36% are positive. $85 is the highest target while $47 is the lowest. The $61 average target is 6.91% above today’s ($57.06) stock price. Franco-Nevada Corp has been the topic of 24 analyst reports since August 11, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of FNV in a report on Thursday, October 8 with “Outperform” rating. The stock has “Outperform” rating given by BMO Capital Markets on Monday, September 14. The stock of Franco Nevada Corp (NYSE:FNV) has “Buy” rating given on Wednesday, October 26 by Desjardins Securities. The company was maintained on Wednesday, August 12 by TD Securities. The firm earned “Market Perform” rating on Thursday, May 12 by BMO Capital Markets. Credit Suisse downgraded Franco Nevada Corp (NYSE:FNV) rating on Thursday, February 4. Credit Suisse has “Neutral” rating and $53 price target. Barclays Capital upgraded it to “Equal-Weight” rating and $50 target price in Thursday, January 14 report. The firm has “Sell” rating by Goldman Sachs given on Wednesday, May 11. The stock of Franco Nevada Corp (NYSE:FNV) has “Neutral” rating given on Monday, March 14 by JP Morgan. The stock of Franco Nevada Corp (NYSE:FNV) has “Outperform” rating given on Tuesday, October 6 by RBC Capital Markets.
According to Zacks Investment Research, “Franco-Nevada Corporation is a gold focused royalty and stream company with additional interests in platinum group metals and other resource assets. The Company’s assets are mostly mineral and oil & gas royalties or streams but also include some working and equity interests, undeveloped properties, options to acquire royalties and other assets. The mineral assets are further characterized by commodity as being in the Gold, PGM or Other Minerals categories and these in turn are further subdivided by their project status as being either, Operating, Advanced or Exploration royalties. Majorities of the Mineral Royalties are characterized as being Gold and the majority of revenues are from gold operations. The Oil & Gas interests are located primarily in the Western Canadian sedimentary basin with a larger amount of revenue generated from conventional oil than from natural gas properties. Franco-Nevada Corporation is headquartered in Toronto, Canada.”
Franco-Nevada Corporation is a gold-focused royalty and stream company. The company has a market cap of $10.16 billion. The Company’s additional interests are in platinum group metals and other resource assets. It has a 109.72 P/E ratio. The Firm operates in the segment of resource sector royalty/stream acquisitions and management activities.
More news for Franco Nevada Corp (NYSE:FNV) were recently published by: Fool.com, which released: “Why Franco-Nevada Corporation’s Stock Jumped 32.5% in February” on March 14, 2016. Bloomberg.com‘s article titled: “Franco-Nevada Shares Jump as Dilution Forgiven in Gold Euphoria” and published on February 10, 2016 is yet another important article.
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