Franco-Nevada Co. (TSE:FNV – Free Report) (NYSE:FNV) – Equities research analysts at Raymond James increased their Q4 2024 EPS estimates for Franco-Nevada in a research note issued to investors on Thursday, October 10th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $1.25 for the quarter, up from their previous forecast of $1.24. The consensus estimate for Franco-Nevada’s current full-year earnings is $5.20 per share.
Several other equities analysts have also recently commented on FNV. CIBC boosted their price objective on shares of Franco-Nevada from C$250.00 to C$265.00 in a research note on Wednesday, July 10th. 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 report on Tuesday, July 16th. Canaccord Genuity Group increased their price objective on shares of Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd. National Bankshares lowered their price objective on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. Finally, TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$190.90.
Franco-Nevada Stock Up 0.6 %
FNV opened at C$169.99 on Monday. The firm has a market capitalization of C$32.71 billion, a P/E ratio of -41.26, a PEG ratio of 5.00 and a beta of 0.68. 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 fifty-two week low of C$139.19 and a fifty-two week high of C$194.61. The company’s 50-day moving average is C$167.82 and its 200 day moving average is C$166.85.
Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) last posted its earnings results on Tuesday, August 13th. The company reported C$1.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.07 by C($0.04). The company had revenue of C$355.88 million for the quarter. Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%.
Franco-Nevada Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were paid a dividend of $0.497 per share. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.49. The ex-dividend date was Thursday, September 12th. This represents a $1.99 annualized dividend and a yield of 1.17%. Franco-Nevada’s dividend payout ratio is presently -47.09%.
Insider Buying and Selling
In other news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the business’s stock in a transaction on Monday, September 16th. The shares were bought at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the completion of the transaction, the director now directly owns 805 shares in the company, valued at approximately C$136,001.53. 0.69% of the stock is owned by corporate insiders.
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.
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