FY2024 EPS Estimates for Franco-Nevada Boosted by Analyst

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Analysts at HC Wainwright upped their FY2024 earnings per share (EPS) estimates for shares of Franco-Nevada in a research report issued to clients and investors on Thursday, November 7th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of $3.86 for the year, up from their previous forecast of $3.55. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. HC Wainwright also issued estimates for Franco-Nevada’s FY2025 earnings at $4.97 EPS.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its earnings results on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing the consensus estimate of C$1.07 by C($0.04). Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. The business had revenue of C$355.88 million for the quarter.

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus increased their price target on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. CIBC dropped their price target on shares of Franco-Nevada from C$265.00 to C$235.00 in a research report on Friday. BMO Capital Markets upped their price objective on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Finally, Canaccord Genuity Group lifted their target price on shares of Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$189.80.

Franco-Nevada Price Performance

Shares of TSE:FNV opened at C$170.39 on Monday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11. Franco-Nevada has a 52 week low of C$139.19 and a 52 week high of C$191.17. The firm has a market cap of C$32.79 billion, a PE ratio of -40.67, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. The firm’s fifty day moving average is C$172.43 and its 200-day moving average is C$169.47.

Franco-Nevada Cuts Dividend

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

Insider Activity

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the transaction, the director now owns 805 shares in the company, valued at C$136,001.53. Corporate 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.