Franco-Nevada FY2024 EPS Estimate Lifted by Raymond James

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Analysts at Raymond James boosted their FY2024 EPS estimates for Franco-Nevada in a research note issued to investors on Monday, January 27th. Raymond James analyst B. Macarthur now anticipates that the company will earn $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 issued its 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 return on equity of 9.32% and a negative net margin of 51.92%. During the same period in the previous year, the company posted $1.22 earnings per share.

A number of other equities analysts have also commented on the stock. Stifel Nicolaus boosted their price objective on shares of Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. CIBC boosted their price target on Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. UBS Group upgraded Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Finally, Canaccord Genuity Group reduced their target price on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$190.80.

Franco-Nevada Stock Up 4.4 %

Shares of TSE:FNV opened at C$197.36 on Wednesday. The company has a 50 day moving average of C$175.49 and a two-hundred day moving average of C$172.47. Franco-Nevada has a 52-week low of C$140.67 and a 52-week high of C$198.41. The company has a quick ratio of 23.26, a current ratio of 29.11 and a debt-to-equity ratio of 1.63. The company has a market capitalization of C$37.98 billion, a price-to-earnings ratio of -47.10, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68.

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 given a dividend of $0.487 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Thursday, December 5th. Franco-Nevada’s dividend payout ratio 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.