FY2025 EPS Estimates for Franco-Nevada Raised by Scotiabank

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) – Research analysts at Scotiabank boosted their FY2025 EPS estimates for shares of Franco-Nevada in a research report issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will earn $3.98 per share for the year, up from their previous forecast of $3.95. Scotiabank has a “Sector Perform” rating and a $150.00 price objective on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.09 per share. Scotiabank also issued estimates for Franco-Nevada’s FY2026 earnings at $4.55 EPS.

A number of other equities research analysts have also recently weighed in on FNV. HC Wainwright upped their price objective on Franco-Nevada from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. UBS Group increased their price target on shares of Franco-Nevada from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Royal Bank of Canada lifted their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 11th. TD Securities cut shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research report on Tuesday, March 11th. Finally, Raymond James raised their target price on shares of Franco-Nevada from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $153.63.

Franco-Nevada Trading Up 0.2 %

Shares of NYSE FNV opened at $155.85 on Friday. Franco-Nevada has a 12-month low of $112.70 and a 12-month high of $156.82. The stock’s fifty day simple moving average is $139.63 and its two-hundred day simple moving average is $129.21. The stock has a market capitalization of $30.01 billion, a PE ratio of -49.32, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The firm had revenue of $321.00 million for the quarter, compared to the consensus estimate of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Franco-Nevada in the 4th quarter valued at $237,643,000. EdgePoint Investment Group Inc. lifted its position in Franco-Nevada by 49.9% during the fourth quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company’s stock valued at $582,100,000 after purchasing an additional 1,650,358 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Franco-Nevada by 246.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,164,394 shares of the basic materials company’s stock valued at $136,796,000 after purchasing an additional 828,166 shares during the period. Capital World Investors boosted its holdings in Franco-Nevada by 9.8% in the fourth quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company’s stock valued at $934,106,000 after purchasing an additional 711,591 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Franco-Nevada by 76.5% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,284,575 shares of the basic materials company’s stock worth $159,530,000 after purchasing an additional 556,894 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.98%. The ex-dividend date is Thursday, March 13th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s payout ratio is presently 53.15%.

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.