FY2024 EPS Estimates for Franco-Nevada Raised by Analyst

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Stock analysts at Raymond James raised their FY2024 earnings estimates for shares of Franco-Nevada in a report issued on Monday, January 27th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $4.59 per share for the year, up from their previous forecast of $4.34. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. Raymond James also issued estimates for Franco-Nevada’s Q4 2024 earnings at $1.25 EPS, Q1 2025 earnings at $1.38 EPS, Q2 2025 earnings at $1.31 EPS, Q3 2025 earnings at $1.40 EPS, Q4 2025 earnings at $1.45 EPS and FY2025 earnings at $5.54 EPS.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.09 earnings per share for the quarter, missing the consensus estimate of C$1.15 by C($0.06). Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. During the same quarter in the prior year, the company earned $1.22 earnings per share.

Several other research firms also recently weighed in on FNV. Canaccord Genuity Group lowered their price objective on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a report on Monday, November 18th. UBS Group raised Franco-Nevada to a “strong-buy” rating in a research report on Monday, November 18th. Stifel Nicolaus boosted their target price on shares of Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Finally, CIBC raised their price target on shares of Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$190.80.

Franco-Nevada Stock Up 1.3 %

FNV stock opened at C$188.14 on Wednesday. The stock’s 50 day simple moving average is C$174.73 and its 200 day simple moving average is C$172.12. The company has a market cap of C$36.20 billion, a P/E ratio of -44.90, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11. Franco-Nevada has a fifty-two week low of C$140.67 and a fifty-two week high of C$191.17.

Franco-Nevada Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.487 dividend. This represents a $1.95 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, December 5th. Franco-Nevada’s dividend payout ratio (DPR) is presently -46.30%.

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.