Franco-Nevada FY2024 EPS Forecast Boosted by Raymond James

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities researchers at Raymond James upped their FY2024 earnings per share estimates for Franco-Nevada in a report released on Monday, January 27th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $4.59 per share for the year, up from their previous estimate of $4.34. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. Raymond James also issued estimates for Franco-Nevada’s Q4 2024 earnings at $1.25 EPS, Q1 2025 earnings at $1.38 EPS, Q2 2025 earnings at $1.31 EPS, Q3 2025 earnings at $1.40 EPS, Q4 2025 earnings at $1.45 EPS and FY2025 earnings at $5.54 EPS.

A number of other analysts also recently commented on FNV. CIBC boosted their target price on shares of Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Canaccord Genuity Group dropped their price target on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a report on Monday, November 18th. UBS Group raised Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Finally, Stifel Nicolaus boosted their target price on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$190.80.

Franco-Nevada Stock Up 4.4 %

Shares of FNV stock opened at C$197.36 on Wednesday. Franco-Nevada has a 1 year low of C$140.67 and a 1 year high of C$198.41. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11. The business’s fifty day moving average is C$175.49 and its 200-day moving average is C$172.47. The stock has a market cap of C$37.98 billion, a PE ratio of -47.10, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.15 by C($0.06). Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. During the same period last year, the business posted $1.22 EPS.

Franco-Nevada Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.487 per share. This represents a $1.95 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, December 5th. Franco-Nevada’s dividend 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.