Franco-Nevada Co. (TSE:FNV – Free Report) (NYSE:FNV) – Stock analysts at National Bank Financial dropped their FY2024 earnings estimates for shares of Franco-Nevada in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $4.64 per share for the year, down from their prior forecast of $4.71. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share.
Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing analysts’ consensus estimates of C$1.07 by C($0.04). The company had revenue of C$355.88 million for the quarter. Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%.
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Franco-Nevada Price Performance
The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$190.74. The firm has a market cap of C$36.27 billion, a price-to-earnings ratio of -45.05, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. The company has a fifty day moving average of C$169.34 and a two-hundred day moving average of C$168.20.
Franco-Nevada Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a $0.497 dividend. This represents a $1.99 dividend on an annualized basis and a dividend yield of ∞. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Thursday, September 12th. Franco-Nevada’s payout ratio is presently -46.30%.
Insiders Place Their Bets
In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland bought 805 shares of the stock in a transaction on Monday, September 16th. The shares were purchased at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the acquisition, the director now directly owns 805 shares of the company’s stock, valued at C$136,001.53. Company insiders own 0.69% of the company’s stock.
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.
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