Q4 EPS Estimates for Franco-Nevada Lowered by Raymond James

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) – Raymond James lowered their Q4 2024 EPS estimates for Franco-Nevada in a report issued on Thursday, November 7th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings of $0.81 per share for the quarter, down from their previous forecast of $0.92. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.25 per share. Raymond James also issued estimates for Franco-Nevada’s Q2 2025 earnings at $0.88 EPS, Q3 2025 earnings at $0.96 EPS and FY2025 earnings at $3.68 EPS.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.63%. The business had revenue of $275.70 million for the quarter, compared to the consensus estimate of $279.11 million. During the same quarter last year, the firm posted $0.91 EPS. The business’s quarterly revenue was down 10.9% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the stock. HC Wainwright upped their price target on shares of Franco-Nevada from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group decreased their target price on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. TD Securities raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. StockNews.com raised Franco-Nevada from a “sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Finally, Scotiabank decreased their target price on Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a research report on Friday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.57.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock opened at $117.83 on Monday. The stock has a market cap of $22.68 billion, a price-to-earnings ratio of -37.29, a PEG ratio of 20.59 and a beta of 0.75. The firm’s 50-day moving average is $126.57 and its 200 day moving average is $124.18. Franco-Nevada has a 1 year low of $102.29 and a 1 year high of $137.60.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.44 annualized dividend and a dividend yield of 1.22%. Franco-Nevada’s dividend payout ratio is currently -45.57%.

Institutional Investors Weigh In On Franco-Nevada

Institutional investors have recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Franco-Nevada by 116.2% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 8,628 shares of the basic materials company’s stock worth $1,028,000 after purchasing an additional 4,637 shares during the last quarter. M&G PLC grew its position in Franco-Nevada by 3.2% during the third quarter. M&G PLC now owns 1,679,858 shares of the basic materials company’s stock valued at $208,645,000 after buying an additional 51,996 shares during the period. Inspire Advisors LLC acquired a new stake in Franco-Nevada during the first quarter valued at $495,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Franco-Nevada by 3,404.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 727,681 shares of the basic materials company’s stock valued at $86,287,000 after buying an additional 706,919 shares during the period. Finally, Avantax Advisory Services Inc. acquired a new stake in Franco-Nevada during the first quarter valued at $1,132,000. Institutional investors own 77.06% of the company’s stock.

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.