Brokers Issue Forecasts for Franco-Nevada Q3 Earnings

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Analysts at Stifel Canada issued their Q3 2024 EPS estimates for Franco-Nevada in a note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico anticipates that the company will post earnings of $1.17 per share for the quarter. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its earnings results on Tuesday, August 13th. The company reported C$1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 9.32% and a negative net margin of 51.92%.

FNV has been the subject of a number of other reports. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. National Bankshares reduced their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. Stifel Nicolaus upped their price target on shares of Franco-Nevada from C$200.00 to C$215.00 in a report on Monday. CIBC increased their price target on Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. Finally, Canaccord Genuity Group boosted their price objective on Franco-Nevada from C$177.00 to C$190.00 in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. 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 Trading Up 2.4 %

Shares of TSE:FNV opened at C$187.92 on Wednesday. The company has a quick ratio of 23.26, a current ratio of 29.11 and a debt-to-equity ratio of 1.63. Franco-Nevada has a 52-week low of C$139.19 and a 52-week high of C$193.01. The stock has a market cap of C$36.16 billion, a price-to-earnings ratio of -44.85, a PEG ratio of 5.00 and a beta of 0.68. The business has a 50-day moving average price of C$168.34 and a 200-day moving average price of C$167.81.

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 annualized dividend 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 was Thursday, September 12th. Franco-Nevada’s dividend payout ratio is presently -46.30%.

Insider Activity

In related 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 purchased at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the purchase, the director now owns 805 shares of the company’s stock, valued at 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.