Franco-Nevada Co. (TSE:FNV) Forecasted to Post FY2024 Earnings of $4.30 Per Share

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities research analysts at Raymond James boosted their FY2024 earnings estimates for shares of Franco-Nevada in a report issued on Tuesday, April 23rd. Raymond James analyst B. Macarthur now anticipates that the company will earn $4.30 per share for the year, up from their previous estimate of $3.77. Raymond James has a “Outperform” rating and a $138.00 price target on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $4.28 per share.

FNV has been the subject of several other research reports. Bank of America upped their target price on shares of Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Veritas Investment Research increased their price objective on shares of Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. Stifel Nicolaus increased their price objective on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the company a “buy” rating in a report on Friday, April 19th. BMO Capital Markets dropped their price objective on shares of Franco-Nevada from C$200.00 to C$195.00 in a report on Wednesday, March 6th. Finally, National Bankshares dropped their price objective on shares of Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating for the company in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$187.50.

Franco-Nevada Trading Up 1.1 %

Shares of Franco-Nevada stock opened at C$167.97 on Friday. The company has a market capitalization of C$32.28 billion, a P/E ratio of -50.44, a P/E/G ratio of 5.00 and a beta of 0.63. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 41.21. The company has a fifty day moving average of C$156.69 and a 200 day moving average of C$157.05. Franco-Nevada has a fifty-two week low of C$139.19 and a fifty-two week high of C$217.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, topping the consensus estimate of C$1.07 by C$0.16. The company had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%.

Insider Activity at Franco-Nevada

In related news, Director Paul Brink sold 3,445 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85. In other news, Senior Officer Eaun Harrison Gray sold 330 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$156.69, for a total transaction of C$51,707.70. Also, Director Paul Brink sold 3,445 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total transaction of C$547,513.85. In the last quarter, insiders sold 16,839 shares of company stock valued at $2,686,396. Insiders own 0.69% of the company’s stock.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.477 dividend. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 1.14%. Franco-Nevada’s dividend payout ratio (DPR) is presently -58.86%.

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.