Raymond James Reduces Earnings Estimates for Franco-Nevada

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Stock analysts at Raymond James decreased their Q4 2024 EPS estimates for Franco-Nevada in a research report issued to clients and investors on Thursday, November 7th. Raymond James analyst B. Macarthur now anticipates that the company will earn $1.13 per share for the quarter, down from their previous forecast of $1.25. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share.

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

FNV has been the subject of several other reports. CIBC cut their price target on shares of Franco-Nevada from C$265.00 to C$235.00 in a report on Friday, November 8th. BMO Capital Markets increased their target price 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. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. National Bankshares dropped their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. Finally, Canaccord Genuity Group increased their target price on shares of Franco-Nevada from C$177.00 to C$190.00 in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$189.80.

Franco-Nevada Trading Down 2.3 %

TSE FNV opened at C$160.23 on Monday. The stock has a market capitalization of C$30.83 billion, a P/E ratio of -38.24, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 52-week low of C$139.19 and a 52-week high of C$191.17. The firm has a 50-day moving average price of C$172.39 and a 200 day moving average price of C$169.48. The company has a quick ratio of 23.26, a current ratio of 29.11 and a debt-to-equity ratio of 1.63.

Insider Activity

In other news, Director Nicholas Hugo Housby Dryland bought 805 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average price of C$168.95 per share, for a total transaction of C$136,001.53. Following the completion of the transaction, the director now owns 805 shares in the company, valued at C$136,001.53. Company insiders own 0.69% of the company’s stock.

Franco-Nevada Cuts Dividend

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

About Franco-Nevada

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.