FY2024 EPS Estimates for Franco-Nevada Reduced by Analyst

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities research analysts at Raymond James cut their FY2024 EPS estimates for shares of Franco-Nevada in a research report issued to clients and investors on Thursday, November 7th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $4.34 for the year, down from their prior estimate of $4.41. 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 Q1 2025 earnings at $1.18 EPS, Q2 2025 earnings at $1.22 EPS, Q3 2025 earnings at $1.33 EPS, Q4 2025 earnings at $1.39 EPS and FY2025 earnings at $5.12 EPS.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released 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 business had revenue of C$355.88 million during the quarter. Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%.

Several other research firms have also commented on FNV. Canaccord Genuity Group raised their price objective on shares of Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. BMO Capital Markets raised 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. National Bankshares reduced their price objective on Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, CIBC dropped their target price on Franco-Nevada from C$265.00 to C$235.00 in a research report on Friday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Franco-Nevada has an average rating of “Moderate Buy” and an average target price of C$189.80.

Franco-Nevada Price Performance

Franco-Nevada stock opened at C$170.39 on Friday. Franco-Nevada has a 12-month low of C$139.19 and a 12-month high of C$191.17. The stock has a market cap of C$32.79 billion, a P/E ratio of -40.67, a PEG ratio of 5.00 and a beta of 0.68. The company has a 50-day moving average price of C$172.43 and a 200 day moving average price of C$169.44. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63.

Franco-Nevada Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.487 dividend. This represents a $1.95 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, December 5th. Franco-Nevada’s dividend payout ratio is currently -46.30%.

Insider Transactions at Franco-Nevada

In other news, Director Nicholas Hugo Housby Dryland bought 805 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the completion of the purchase, the director now directly owns 805 shares of the company’s stock, valued at C$136,001.53. Company insiders own 0.69% of the company’s stock.

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.