Franco-Nevada Corporation (NYSE:FNV – Free Report) (TSE:FNV) – Scotiabank raised their FY2025 earnings per share estimates for Franco-Nevada in a report issued on Tuesday, July 15th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will earn $4.75 per share for the year, up from their previous forecast of $4.67. Scotiabank currently has a “Sector Perform” rating and a $169.00 price objective on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.09 per share. Scotiabank also issued estimates for Franco-Nevada’s FY2026 earnings at $4.98 EPS.
Several other research analysts have also recently weighed in on the stock. CIBC reaffirmed an “outperform” rating on shares of Franco-Nevada in a report on Tuesday. National Bankshares reaffirmed a “sector perform” rating on shares of Franco-Nevada in a report on Tuesday, June 24th. HC Wainwright reaffirmed a “buy” rating and issued a $195.00 price target (up previously from $180.00) on shares of Franco-Nevada in a report on Wednesday, May 28th. Raymond James Financial set a $186.00 price target on shares of Franco-Nevada and gave the stock an “outperform” rating in a report on Wednesday, May 28th. Finally, Wall Street Zen raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, April 7th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Franco-Nevada currently has an average rating of “Moderate Buy” and a consensus price target of $172.13.
Franco-Nevada Stock Performance
Franco-Nevada stock opened at $154.40 on Friday. The stock has a market cap of $29.75 billion, a P/E ratio of 48.25, a PEG ratio of 2.08 and a beta of 0.41. Franco-Nevada has a fifty-two week low of $112.70 and a fifty-two week high of $179.99. The firm’s fifty day moving average price is $164.67 and its 200-day moving average price is $153.15.
Franco-Nevada (NYSE:FNV – Get Free Report) (TSE:FNV) last posted its earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.07. The firm had revenue of $368.40 million for the quarter, compared to the consensus estimate of $328.79 million. Franco-Nevada had a return on equity of 11.40% and a net margin of 50.39%. The business’s quarterly revenue was up 43.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 earnings per share.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. CX Institutional purchased a new stake in shares of Franco-Nevada during the first quarter worth about $30,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Franco-Nevada during the first quarter worth about $32,000. Nexus Investment Management ULC purchased a new stake in shares of Franco-Nevada during the first quarter worth about $35,000. Golden State Wealth Management LLC boosted its holdings in shares of Franco-Nevada by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 115 shares during the period. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of Franco-Nevada by 494.7% during the first quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 188 shares during the period. 77.06% of the stock is owned by institutional investors.
Franco-Nevada Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.98%. Franco-Nevada’s dividend payout ratio (DPR) is currently 47.50%.
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.
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