Franco-Nevada Co. (NYSE:FNV – Get Rating) (TSE:FNV) – Investment analysts at Raymond James issued their Q1 2023 earnings estimates for shares of Franco-Nevada in a research note issued to investors on Tuesday, April 19th. Raymond James analyst B. Macarthur anticipates that the basic materials company will post earnings per share of $0.94 for the quarter. Raymond James currently has a “Outperform” rating and a $174.00 price target on the stock. Raymond James also issued estimates for Franco-Nevada’s Q2 2023 earnings at $0.93 EPS, Q3 2023 earnings at $0.92 EPS, Q4 2023 earnings at $0.93 EPS and FY2023 earnings at $3.72 EPS.
Franco-Nevada (NYSE:FNV – Get Rating) (TSE:FNV) last announced its quarterly earnings results on Wednesday, March 9th. The basic materials company reported $0.86 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.86. The business had revenue of $327.70 million during the quarter, compared to analysts’ expectations of $317.51 million. Franco-Nevada had a return on equity of 11.57% and a net margin of 56.44%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS.
Shares of Franco-Nevada stock opened at $168.01 on Thursday. The stock has a market capitalization of $32.15 billion, a P/E ratio of 43.64, a PEG ratio of 12.09 and a beta of 0.65. The stock has a 50 day moving average price of $156.55 and a two-hundred day moving average price of $143.49. Franco-Nevada has a 12-month low of $124.95 and a 12-month high of $169.32.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 17th were issued a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, March 16th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.24. This represents a $1.28 dividend on an annualized basis and a yield of 0.76%. Franco-Nevada’s dividend payout ratio is 33.25%.
A number of institutional investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its holdings in Franco-Nevada by 1.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,308,734 shares of the basic materials company’s stock valued at $1,287,304,000 after purchasing an additional 109,294 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Franco-Nevada by 6.7% during the 4th quarter. Van ECK Associates Corp now owns 9,076,810 shares of the basic materials company’s stock worth $1,255,237,000 after acquiring an additional 566,311 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Franco-Nevada by 3.4% during the 3rd quarter. Renaissance Technologies LLC now owns 4,518,490 shares of the basic materials company’s stock worth $587,011,000 after acquiring an additional 148,700 shares during the period. Troy Asset Management Ltd lifted its holdings in shares of Franco-Nevada by 3.2% during the 4th quarter. Troy Asset Management Ltd now owns 2,095,161 shares of the basic materials company’s stock worth $289,740,000 after acquiring an additional 64,734 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Franco-Nevada by 60.8% during the 4th quarter. CIBC Asset Management Inc now owns 1,939,547 shares of the basic materials company’s stock worth $268,052,000 after acquiring an additional 733,486 shares during the period. 76.95% of the stock is owned by hedge funds and other institutional investors.
Franco-Nevada Company Profile (Get Rating)
Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, the United States, Canada, and internationally. It operates in two segments, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids.
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