Franco-Nevada Q3 EPS Decreased by National Bank Financial

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities research analysts at National Bank Financial cut their Q3 2024 earnings per share (EPS) estimates for Franco-Nevada in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now forecasts that the company will earn $1.20 per share for the quarter, down from their prior estimate of $1.27. 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 FY2025 earnings at $5.69 EPS.

A number of other research analysts also recently issued reports on the company. National Bankshares reduced their price target on Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. TD Securities raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Canaccord Genuity Group raised their price target on Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. BMO Capital Markets lifted their price target 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. Finally, CIBC upped their price objective on shares of Franco-Nevada from C$250.00 to C$265.00 in a report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$192.80.

Franco-Nevada Stock Performance

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’s 50 day moving average price is C$169.34 and its 200-day moving average price is C$168.20. The company has a market capitalization of C$36.27 billion, a P/E ratio of -45.05, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. Franco-Nevada has a one year low of C$139.19 and a one year high of C$190.74.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C$1.03 earnings per share 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 net margin of 51.92% and a negative return on equity of 9.32%.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were given a dividend of $0.497 per share. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.49. This represents a $1.99 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend was Thursday, September 12th. Franco-Nevada’s dividend payout ratio (DPR) is -46.30%.

Insider Buying and Selling

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland bought 805 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was acquired at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the completion of 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 insiders.

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.