FY2024 EPS Estimates for Franco-Nevada Raised by Analyst

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – HC Wainwright boosted their FY2024 EPS estimates for shares of Franco-Nevada in a report released on Friday, December 20th. HC Wainwright analyst H. Ihle now expects that the company will post earnings of $4.04 per share for the year, up from their prior forecast of $3.86. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. HC Wainwright also issued estimates for Franco-Nevada’s FY2025 earnings at $5.29 EPS.

Several other brokerages also recently weighed in on FNV. UBS Group raised Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Stifel Nicolaus raised their target price on shares of Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Canaccord Genuity Group reduced their price target on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research note on Monday, November 18th. Finally, CIBC increased their price objective on shares of Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$190.80.

Franco-Nevada Stock Performance

FNV opened at C$166.92 on Monday. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The business’s 50 day moving average is C$173.84 and its 200-day moving average is C$169.68. The stock has a market cap of C$32.12 billion, a PE ratio of -39.84, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. Franco-Nevada has a twelve month low of C$140.59 and a twelve month high of C$191.17.

Franco-Nevada Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.487 per share. This represents a $1.95 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, December 5th. Franco-Nevada’s payout ratio is -46.30%.

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.