National Bank Financial Forecasts Franco-Nevada Q3 Earnings

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Investment analysts at National Bank Financial reduced their Q3 2024 earnings estimates for shares of Franco-Nevada in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $1.20 per share for the quarter, down from their prior estimate of $1.27. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. National Bank Financial also issued estimates for Franco-Nevada’s FY2025 earnings at $5.69 EPS.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its earnings results on Tuesday, August 13th. The company reported C$1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.07 by C($0.04). Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. The firm had revenue of C$355.88 million during the quarter.

FNV has been the topic of a number of other reports. Stifel Nicolaus boosted their price target on shares of Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. BMO Capital Markets upped their target price on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. CIBC raised their price target on shares of Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. TD Securities raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, National Bankshares decreased their target price on Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$192.80.

Franco-Nevada Stock Performance

The company has a 50-day moving average price of C$169.34 and a two-hundred day moving average price of C$168.20. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$190.74. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. The stock has a market cap of C$36.27 billion, a P/E ratio of -45.05, a PEG ratio of 5.00 and a beta of 0.68.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a $0.497 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.49. This represents a $1.99 dividend on an annualized basis and a yield of ∞. Franco-Nevada’s dividend payout ratio (DPR) is currently -46.30%.

Insiders Place Their Bets

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were acquired at an average price of C$168.95 per share, for a total transaction of C$136,001.53. Following the acquisition, the director now owns 805 shares in the company, valued at C$136,001.53. 0.69% of the stock is owned by company insiders.

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.