Brokers Issue Forecasts for Franco-Nevada Q3 Earnings

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Investment analysts at Stifel Canada issued their Q3 2024 earnings estimates for Franco-Nevada in a research note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico expects that the company will post earnings per share of $1.17 for the quarter. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets raised their price target on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. CIBC lifted their target price on shares of Franco-Nevada from C$250.00 to C$265.00 in a report on Wednesday, July 10th. Stifel Nicolaus raised their price target on shares of Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday. National Bankshares decreased their price target on shares of Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. Finally, TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Franco-Nevada presently has an average rating of “Moderate Buy” and an average target price of C$192.80.

Franco-Nevada Stock Up 0.3 %

FNV stock opened at C$188.51 on Wednesday. Franco-Nevada has a 12-month low of C$139.19 and a 12-month high of C$193.01. The company has a quick ratio of 23.26, a current ratio of 29.11 and a debt-to-equity ratio of 1.63. The company has a market cap of C$36.27 billion, a price-to-earnings ratio of -44.99, a PEG ratio of 5.00 and a beta of 0.68. The company has a 50 day moving average of C$168.86 and a two-hundred day moving average of C$168.01.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing analysts’ consensus estimates of C$1.07 by C($0.04). Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. The firm had revenue of C$355.88 million during the quarter.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a $0.497 dividend. The ex-dividend date was Thursday, September 12th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.49. This represents a $1.99 dividend on an annualized basis and a dividend yield of 1.05%. Franco-Nevada’s payout ratio is currently -46.30%.

Insider Buying and Selling

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average cost of C$168.95 per share, with a total value of C$136,001.53. Following the completion of the purchase, the director now directly owns 805 shares in the company, valued at approximately C$136,001.53. 0.69% of the stock is currently owned by insiders.

Franco-Nevada Company Profile

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.