FY2024 EPS Estimates for Franco-Nevada Increased by Analyst

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Research analysts at HC Wainwright lifted their FY2024 earnings estimates for shares of Franco-Nevada in a research note issued to investors on Thursday, November 7th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of $3.86 for the year, up from their prior forecast of $3.55. 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 $4.97 EPS.

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 for the quarter, missing the consensus estimate of C$1.07 by C($0.04). Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. The company had revenue of C$355.88 million for the quarter.

Other equities analysts also recently issued research reports about the company. Canaccord Genuity Group increased their price target on Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd. BMO Capital Markets increased their target price on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. CIBC cut their target price on shares of Franco-Nevada from C$265.00 to C$235.00 in a research report on Friday. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, National Bankshares cut their price objective on shares of Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$189.80.

Franco-Nevada Stock Down 3.7 %

Shares of TSE:FNV opened at C$164.07 on Monday. The company has a quick ratio of 23.26, a current ratio of 29.11 and a debt-to-equity ratio of 1.63. The business’s 50 day moving average is C$172.43 and its 200 day moving average is C$169.49. The stock has a market cap of C$31.57 billion, a P/E ratio of -40.67, a price-to-earnings-growth 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.

Insiders Place Their Bets

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

Franco-Nevada Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.487 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.95 annualized dividend and a yield of 1.19%. Franco-Nevada’s dividend payout ratio (DPR) is -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.