Q2 2024 EPS Estimates for Franco-Nevada Co. (TSE:FNV) Lowered by National Bank Financial

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Research analysts at National Bank Financial lowered their Q2 2024 earnings estimates for Franco-Nevada in a report released on Tuesday, July 16th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $1.12 for the quarter, down from their previous estimate of $1.18. The consensus estimate for Franco-Nevada’s current full-year earnings is $4.55 per share. National Bank Financial also issued estimates for Franco-Nevada’s FY2025 earnings at $5.36 EPS.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C$1.02 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.08. Franco-Nevada had a negative net margin of 39.96% and a negative return on equity of 7.75%. The company had revenue of C$346.20 million for the quarter.

FNV has been the topic of several other research reports. Eight Capital raised their price target on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Canaccord Genuity Group boosted their price target on Franco-Nevada from C$168.00 to C$177.00 in a report on Tuesday, April 23rd. BMO Capital Markets increased their target price on Franco-Nevada from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Tuesday. CIBC raised their price target on Franco-Nevada from C$250.00 to C$265.00 in a report on Wednesday, July 10th. Finally, Raymond James boosted their price target on shares of Franco-Nevada from C$150.00 to C$151.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$191.00.

Franco-Nevada Trading Down 2.5 %

Shares of FNV opened at C$174.57 on Thursday. Franco-Nevada has a twelve month low of C$139.19 and a twelve month high of C$198.00. The firm has a market capitalization of C$33.57 billion, a P/E ratio of -50.45, a price-to-earnings-growth ratio of 5.00 and a beta of 0.62. The company has a current ratio of 29.40, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The stock’s fifty day simple moving average is C$167.42 and its 200 day simple moving average is C$158.52.

Insider Activity at Franco-Nevada

In other Franco-Nevada news, Director Catharine Elizabeth Goddard Farrow sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of C$171.78, for a total transaction of C$3,435,562.00. Following the transaction, the director now directly owns 301 shares in the company, valued at C$51,705.21. In related news, Director Catharine Elizabeth Goddard Farrow sold 20,000 shares of Franco-Nevada stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of C$171.78, for a total value of C$3,435,562.00. Following the transaction, the director now owns 301 shares in the company, valued at approximately C$51,705.21. Also, Senior Officer Adrian Wong sold 530 shares of Franco-Nevada stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$162.20, for a total value of C$85,966.00. In the last 90 days, insiders sold 33,606 shares of company stock valued at $5,747,182. Insiders own 0.69% of the company’s stock.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were paid a dividend of $0.487 per share. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.12%. Franco-Nevada’s dividend payout ratio is -57.23%.

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.