Stifel Canada Raises Earnings Estimates for Franco-Nevada

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities researchers at Stifel Canada raised their FY2024 earnings per share estimates for Franco-Nevada in a report issued on Monday, October 21st. Stifel Canada analyst I. Rico now anticipates that the company will post earnings of $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.

Other equities analysts have also recently issued research reports about the company. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. National Bankshares cut their price objective on Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. Canaccord Genuity Group boosted their target price on shares of Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd. Stifel Nicolaus increased their price target on shares of Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. Finally, BMO Capital Markets boosted their price objective on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. 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 stock has a consensus rating of “Moderate Buy” and an average target price of C$192.80.

Franco-Nevada Price Performance

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 stock has a market capitalization of C$36.27 billion, a PE ratio of -45.05, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$190.74. The business’s 50-day moving average price is C$169.34 and its 200-day moving average price is C$168.20.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced 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). Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. The firm had revenue of C$355.88 million during the quarter.

Insider Buying and Selling

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 bought at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the completion of the transaction, the director now owns 805 shares of the company’s stock, valued at approximately C$136,001.53. Insiders own 0.69% of the company’s stock.

Franco-Nevada Increases Dividend

The firm also recently disclosed 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 ?. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.49. The ex-dividend date was Thursday, September 12th. Franco-Nevada’s dividend payout ratio (DPR) is -46.30%.

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.