FY2024 EPS Estimates for Franco-Nevada Decreased by Analyst

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Analysts at National Bank Financial decreased their FY2024 earnings estimates for Franco-Nevada in a report issued on Thursday, November 7th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $4.55 for the year, down from their prior estimate of $4.64. 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 Q4 2024 earnings at $1.34 EPS and FY2025 earnings at $5.94 EPS.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing the consensus estimate 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.

Several other research analysts also recently weighed in on the company. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. BMO Capital Markets increased 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 report on Tuesday, July 16th. Stifel Nicolaus boosted their price target on shares of Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. CIBC dropped their price target on shares of Franco-Nevada from C$265.00 to C$235.00 in a research note on Friday, November 8th. Finally, Canaccord Genuity Group lifted their price objective on shares of Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Franco-Nevada currently has an average rating of “Moderate Buy” and an average target price of C$189.80.

Franco-Nevada Stock Performance

TSE:FNV opened at C$160.23 on Monday. The company has a market capitalization of C$30.83 billion, a P/E ratio of -39.16, a P/E/G ratio of 5.00 and a beta of 0.68. The business has a fifty day simple moving average of C$172.39 and a two-hundred day simple moving average of C$169.48. 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$191.17.

Insider Buying and Selling

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland bought 805 shares of Franco-Nevada stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average cost of C$168.95 per share, for a total transaction of C$136,001.53. Following the completion of the transaction, the director now directly owns 805 shares in the company, valued at C$136,001.53. 0.69% of the stock is currently owned by company insiders.

Franco-Nevada Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.487 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.95 annualized dividend and a dividend yield of 1.22%. Franco-Nevada’s payout ratio is currently -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.