Analysts Offer Predictions for Franco-Nevada FY2024 Earnings

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Analysts at Raymond James dropped their FY2024 earnings estimates for shares of Franco-Nevada in a report issued on Thursday, November 7th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $4.34 for the year, down from their previous forecast of $4.41. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. Raymond James also issued estimates for Franco-Nevada’s Q1 2025 earnings at $1.18 EPS, Q2 2025 earnings at $1.22 EPS, Q3 2025 earnings at $1.33 EPS, Q4 2025 earnings at $1.39 EPS and FY2025 earnings at $5.12 EPS.

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 return on equity of 9.32% and a negative net margin of 51.92%.

Other equities analysts have also issued reports about the stock. CIBC reduced their target price on shares of Franco-Nevada from C$265.00 to C$235.00 in a research report on Friday. Canaccord Genuity Group raised their price target on Franco-Nevada from C$177.00 to C$190.00 in a report on Tuesday, July 23rd. Stifel Nicolaus boosted their price target on shares of Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. National Bankshares reduced their price target on Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. Finally, TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Franco-Nevada presently has a consensus rating of “Moderate Buy” and an average target price of C$189.80.

Franco-Nevada Trading Down 2.8 %

Shares of FNV opened at C$170.39 on Friday. The stock has a fifty day moving average price of C$172.43 and a two-hundred day moving average price of C$169.44. The company has a market cap of C$32.79 billion, a price-to-earnings ratio of -40.67, a PEG ratio of 5.00 and a beta of 0.68. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11. Franco-Nevada has a 52-week low of C$139.19 and a 52-week high of C$191.17.

Franco-Nevada Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.487 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.95 annualized dividend and a dividend yield of 1.14%. Franco-Nevada’s dividend payout ratio is presently -46.30%.

Insider Activity at Franco-Nevada

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the company’s stock in a transaction on Monday, September 16th. The shares were purchased at an average price of C$168.95 per share, for a total transaction of C$136,001.53. Following the completion of the purchase, the director now directly owns 805 shares of the company’s stock, valued at approximately C$136,001.53. 0.69% of the stock is currently owned by company insiders.

Franco-Nevada Company Profile

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.