Franco-Nevada Q3 EPS Lowered by National Bank Financial

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) – National Bank Financial dropped their Q3 2024 earnings estimates for Franco-Nevada in a report released on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now expects that the basic materials company will earn $0.87 per share for the quarter, down from their previous estimate of $0.93. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.26 per share. National Bank Financial also issued estimates for Franco-Nevada’s FY2025 earnings at $4.12 EPS.

Several other equities analysts also recently commented on FNV. HC Wainwright reaffirmed a “buy” rating and set a $185.00 price objective on shares of Franco-Nevada in a research note on Friday, August 16th. TD Cowen raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. StockNews.com raised shares of Franco-Nevada from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Finally, Jefferies Financial Group decreased their price target 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. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Franco-Nevada currently has a consensus rating of “Moderate Buy” and an average target price of $152.75.

Franco-Nevada Trading Down 0.3 %

Shares of NYSE:FNV opened at $135.82 on Friday. The company has a market cap of $26.14 billion, a price-to-earnings ratio of -54.55, a price-to-earnings-growth ratio of 20.13 and a beta of 0.76. The company has a 50-day moving average price of $124.63 and a 200-day moving average price of $123.18. Franco-Nevada has a 12 month low of $102.29 and a 12 month high of $139.93.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Tuesday, August 13th. The basic materials company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). The firm had revenue of $260.10 million for the quarter, compared to the consensus estimate of $277.44 million. Franco-Nevada had a negative net margin of 51.64% and a positive return on equity of 10.56%. The business’s revenue was down 21.2% on a year-over-year basis. During the same period last year, the company posted $0.95 earnings per share.

Institutional Investors Weigh In On Franco-Nevada

A number of institutional investors have recently made changes to their positions in the company. Graham Capital Wealth Management LLC grew its holdings in shares of Franco-Nevada by 0.4% during 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 buying an additional 86 shares during the last quarter. Meixler Investment Management Ltd. boosted its holdings in Franco-Nevada by 0.5% in the second quarter. Meixler Investment Management Ltd. now owns 21,460 shares of the basic materials company’s stock worth $2,543,000 after purchasing an additional 101 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Franco-Nevada by 0.5% in the second quarter. Natixis Advisors LLC now owns 19,167 shares of the basic materials company’s stock worth $2,272,000 after purchasing an additional 101 shares during the last quarter. Hillsdale Investment Management Inc. boosted its holdings in Franco-Nevada by 33.3% in the first quarter. Hillsdale Investment Management Inc. now owns 440 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 110 shares during the last quarter. Finally, Primoris Wealth Advisors LLC boosted its holdings in Franco-Nevada by 4.7% in the second quarter. Primoris Wealth Advisors LLC now owns 2,475 shares of the basic materials company’s stock worth $293,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, September 12th. Franco-Nevada’s payout ratio is -57.83%.

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.