Raymond James Boosts Earnings Estimates for Franco-Nevada

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) – Equities research analysts at Raymond James raised their Q1 2025 earnings per share (EPS) estimates for Franco-Nevada in a research note issued to investors on Thursday, December 19th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings of $0.95 per share for the quarter, up from their prior forecast of $0.85. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.22 per share.

FNV has been the subject of several other reports. Scotiabank reduced their target price on Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a report on Friday, November 8th. Jefferies Financial Group reduced their price objective on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Bank of America downgraded shares of Franco-Nevada from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $142.00 to $139.00 in a research report on Tuesday, October 1st. HC Wainwright reduced their price target on shares of Franco-Nevada from $200.00 to $155.00 and set a “buy” rating for the company in a research report on Friday. Finally, UBS Group initiated coverage on shares of Franco-Nevada in a research report on Monday, November 18th. They set a “buy” rating and a $160.00 price objective on the stock. Four equities research 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 stock has a consensus rating of “Moderate Buy” and an average target price of $145.33.

Franco-Nevada Stock Up 1.1 %

FNV opened at $117.44 on Monday. The firm has a market cap of $22.61 billion, a PE ratio of -37.16 and a beta of 0.72. The business has a fifty day simple moving average of $124.48 and a 200-day simple moving average of $123.27. Franco-Nevada has a fifty-two week low of $103.64 and a fifty-two week high of $137.60.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). The business had revenue of $275.70 million for the quarter, compared to the consensus estimate of $279.11 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The company’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 earnings per share.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.36 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.44 dividend on an annualized basis and a yield of 1.23%. Franco-Nevada’s payout ratio is -45.57%.

Institutional Trading of Franco-Nevada

Hedge funds and other institutional investors have recently modified their holdings of the company. Graham Capital Wealth Management LLC grew its stake in Franco-Nevada by 0.4% in the second quarter. Graham Capital Wealth Management LLC now owns 21,183 shares of the basic materials company’s stock valued at $2,511,000 after purchasing an additional 86 shares in the last quarter. Meixler Investment Management Ltd. grew its stake in shares of Franco-Nevada by 0.5% in the 2nd quarter. Meixler Investment Management Ltd. now owns 21,460 shares of the basic materials company’s stock valued at $2,543,000 after buying an additional 101 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Franco-Nevada by 0.5% in the 2nd quarter. Natixis Advisors LLC now owns 19,167 shares of the basic materials company’s stock valued at $2,272,000 after buying an additional 101 shares in the last quarter. Huntington National Bank increased its holdings in Franco-Nevada by 7.4% in the third quarter. Huntington National Bank now owns 1,486 shares of the basic materials company’s stock worth $185,000 after buying an additional 102 shares during the last quarter. Finally, Primoris Wealth Advisors LLC raised its position in Franco-Nevada by 4.7% during the second quarter. Primoris Wealth Advisors LLC now owns 2,475 shares of the basic materials company’s stock valued at $293,000 after acquiring an additional 112 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

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.