Q3 EPS Forecast for Franco-Nevada Reduced by Analyst

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities researchers at National Bank Financial reduced their Q3 2024 EPS estimates for Franco-Nevada in a research report issued on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $1.20 per share for the quarter, down from their prior forecast of $1.27. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. National Bank Financial also issued estimates for Franco-Nevada’s FY2025 earnings at $5.69 EPS.

A number of other equities analysts have also recently commented on the stock. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Stifel Nicolaus lifted their price objective on shares of Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday. Canaccord Genuity Group increased their target price on shares of Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. CIBC boosted their price target on Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. Finally, National Bankshares decreased their price objective on Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. 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 company presently has an average rating of “Moderate Buy” and an average price target of C$192.80.

Franco-Nevada Price Performance

Shares of TSE FNV opened at C$188.11 on Friday. The stock has a market cap of C$36.20 billion, a P/E ratio of -44.89, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a twelve month low of C$139.19 and a twelve month high of C$193.01. The stock has a 50 day moving average of C$168.86 and a two-hundred day moving average of C$168.01. 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 (TSE:FNV) (NYSE:FNV) last posted its earnings results on Tuesday, August 13th. The company reported C$1.03 earnings per share for the quarter, missing the consensus estimate of C$1.07 by C($0.04). The firm had revenue of C$355.88 million during the quarter. Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a dividend of $0.497 per share. This represents a $1.99 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Thursday, September 12th. Franco-Nevada’s dividend payout ratio is -46.30%.

Insider Activity

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