HC Wainwright Forecasts Increased Earnings for Franco-Nevada

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Stock analysts at HC Wainwright boosted their FY2024 earnings per share (EPS) estimates for shares of Franco-Nevada in a note issued to investors on Friday, December 20th. HC Wainwright analyst H. Ihle now forecasts that the company will earn $4.04 per share for the year, up from their previous forecast of $3.86. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. HC Wainwright also issued estimates for Franco-Nevada’s FY2025 earnings at $5.29 EPS.

Other equities research analysts have also recently issued reports about the stock. UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a research report on Monday, November 18th. Canaccord Genuity Group lowered their price objective on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research report on Monday, November 18th. CIBC boosted their target price on Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Finally, Stifel Nicolaus upped their price target on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$190.80.

Franco-Nevada Stock Up 1.2 %

Shares of TSE:FNV opened at C$168.86 on Monday. The business has a 50-day moving average price of C$173.84 and a 200 day moving average price of C$169.64. Franco-Nevada has a 12-month low of C$140.59 and a 12-month high of C$191.17. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The company has a market capitalization of C$32.49 billion, a price-to-earnings ratio of -40.30, a PEG ratio of 5.00 and a beta of 0.68.

Franco-Nevada Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.487 dividend. This represents a $1.95 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, December 5th. Franco-Nevada’s payout ratio is currently -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.