Analysts Offer Predictions for Franco-Nevada FY2024 Earnings

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Research analysts at Stifel Canada upped their FY2024 earnings estimates for Franco-Nevada in a report released on Monday, October 21st. Stifel Canada analyst I. Rico now forecasts that the company will earn $4.77 per share for the year, up from their prior estimate of $4.55. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. Stifel Canada also issued estimates for Franco-Nevada’s FY2025 earnings at $6.02 EPS and FY2026 earnings at $5.73 EPS.

Several other equities analysts also recently issued reports on FNV. Canaccord Genuity Group increased their price objective on shares of Franco-Nevada from C$177.00 to C$190.00 in a report on Tuesday, July 23rd. BMO Capital Markets increased their target price on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. National Bankshares reduced their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. CIBC increased their target price on shares of Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. Finally, Stifel Nicolaus increased their target price on shares of Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$192.80.

Franco-Nevada Stock Performance

FNV opened at C$188.51 on Thursday. The company has a quick ratio of 23.26, a current ratio of 29.11 and a debt-to-equity ratio of 1.63. The company has a market cap of C$36.27 billion, a price-to-earnings ratio of -44.99, a PEG ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 52-week low of C$139.19 and a 52-week high of C$193.01. The firm’s fifty day simple moving average is C$168.86 and its two-hundred day simple moving average is C$168.01.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.07 by C($0.04). The company had revenue of C$355.88 million for 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 business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a dividend of $0.497 per share. The ex-dividend date of this dividend was Thursday, September 12th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.49. This represents a $1.99 dividend on an annualized basis and a dividend yield of 1.05%. Franco-Nevada’s dividend payout ratio (DPR) is currently -46.30%.

Insider Buying and Selling at Franco-Nevada

In related news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the company’s stock in a transaction on Monday, September 16th. The stock was acquired at an average cost of C$168.95 per share, for a total transaction of C$136,001.53. Following the completion of the transaction, the director now directly owns 805 shares in the company, valued at approximately C$136,001.53. Company 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.