FY2025 EPS Estimates for Franco-Nevada Cut by HC Wainwright

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) – Stock analysts at HC Wainwright cut their FY2025 earnings estimates for shares of Franco-Nevada in a research note issued to investors on Tuesday, March 11th. HC Wainwright analyst H. Ihle now expects that the basic materials company will earn $2.38 per share for the year, down from their prior forecast of $3.68. HC Wainwright currently has a “Buy” rating and a $165.00 target price on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.09 per share.

Several other analysts have also issued reports on the stock. Royal Bank of Canada upped their price target on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 11th. Raymond James lifted their target price on shares of Franco-Nevada from $160.00 to $162.00 and gave the stock an “outperform” rating in a research note on Tuesday. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, TD Securities downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Franco-Nevada currently has an average rating of “Moderate Buy” and a consensus target price of $153.63.

Franco-Nevada Stock Performance

Shares of FNV opened at $147.39 on Thursday. Franco-Nevada has a fifty-two week low of $112.70 and a fifty-two week high of $148.71. The firm has a market cap of $28.38 billion, a price-to-earnings ratio of -46.64, a PEG ratio of 9.78 and a beta of 0.73. The firm has a 50 day moving average price of $134.87 and a 200-day moving average price of $127.60.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The firm had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $304.33 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 EPS.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.03%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, March 13th. Franco-Nevada’s dividend payout ratio (DPR) is presently 53.15%.

Institutional Investors Weigh In On Franco-Nevada

Large investors have recently made changes to their positions in the company. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in shares of Franco-Nevada during the 4th quarter worth $641,000. Public Employees Retirement System of Ohio lifted its position in shares of Franco-Nevada by 1.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 99,257 shares of the basic materials company’s stock valued at $11,662,000 after buying an additional 994 shares in the last quarter. Hudson Value Partners LLC grew its stake in shares of Franco-Nevada by 5.9% during the 4th quarter. Hudson Value Partners LLC now owns 32,279 shares of the basic materials company’s stock valued at $3,796,000 after acquiring an additional 1,790 shares during the period. Adalta Capital Management LLC increased its holdings in Franco-Nevada by 25.4% in the 4th quarter. Adalta Capital Management LLC now owns 13,216 shares of the basic materials company’s stock worth $1,554,000 after acquiring an additional 2,677 shares in the last quarter. Finally, USS Investment Management Ltd raised its stake in Franco-Nevada by 446.1% during the 4th quarter. USS Investment Management Ltd now owns 53,518 shares of the basic materials company’s stock worth $6,282,000 after acquiring an additional 43,718 shares during the period. 77.06% of the stock is currently owned by institutional investors.

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.