FY2024 EPS Estimate for Franco-Nevada Lowered by Analyst

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities researchers at National Bank Financial decreased their FY2024 earnings per share estimates for shares of Franco-Nevada in a research note issued to investors on Thursday, November 7th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $4.55 for the year, down from their prior estimate of $4.64. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. National Bank Financial also issued estimates for Franco-Nevada’s Q4 2024 earnings at $1.34 EPS and FY2025 earnings at $5.94 EPS.

Other research analysts also recently issued reports about the stock. BMO Capital Markets upped their price target on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Stifel Nicolaus raised their price target on shares of Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Canaccord Genuity Group boosted their price target on Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. Finally, National Bankshares reduced their price objective on shares of Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$189.80.

Franco-Nevada Price Performance

FNV stock opened at C$160.23 on Monday. The stock has a market cap of C$30.83 billion, a price-to-earnings ratio of -39.16, a P/E/G ratio of 5.00 and a beta of 0.68. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. The company has a 50 day simple moving average of C$172.39 and a 200 day simple moving average of C$169.48. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$191.17.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its earnings results 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). The company had revenue of C$355.88 million during the quarter. Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%.

Insider Buying and Selling

In related news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the business’s stock in a transaction on Monday, September 16th. The stock was acquired at an average price of C$168.95 per share, for a total transaction of C$136,001.53. Following the purchase, the director now owns 805 shares of the company’s stock, valued at approximately C$136,001.53. 0.69% of the stock is currently owned by company insiders.

Franco-Nevada Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.487 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, December 5th. Franco-Nevada’s payout ratio is presently -46.30%.

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.