Franco-Nevada Co. to Post FY2024 Earnings of $4.71 Per Share, National Bank Financial Forecasts (TSE:FNV)

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities researchers at National Bank Financial reduced their FY2024 EPS estimates for shares of Franco-Nevada in a research note issued on Wednesday, August 14th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $4.71 per share for the year, down from their previous forecast of $4.83. The consensus estimate for Franco-Nevada’s current full-year earnings is $4.65 per share. National Bank Financial also issued estimates for Franco-Nevada’s Q4 2024 earnings at $1.37 EPS and FY2025 earnings at $5.29 EPS.

A number of other analysts also recently issued reports on the company. CIBC lifted their price target on Franco-Nevada from C$250.00 to C$265.00 in a report on Wednesday, July 10th. Canaccord Genuity Group boosted their target price on Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. Raymond James increased their price target on shares of Franco-Nevada from C$150.00 to C$151.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Eight Capital boosted their price objective on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$192.18.

Franco-Nevada Stock Performance

Shares of FNV stock opened at C$166.67 on Monday. The company has a market cap of C$32.07 billion, a P/E ratio of -39.97, a PEG ratio of 5.00 and a beta of 0.62. The firm has a fifty day moving average price of C$167.66 and a 200 day moving average price of C$162.37. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$198.00.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a $0.497 dividend. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.99 annualized dividend and a yield of 1.19%. Franco-Nevada’s dividend payout ratio is -47.48%.

Insider Buying and Selling

In other Franco-Nevada news, Senior Officer Adrian Wong sold 530 shares of Franco-Nevada stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$162.20, for a total value of C$85,966.00. In other Franco-Nevada news, Senior Officer Adrian Wong sold 530 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$162.20, for a total transaction of C$85,966.00. Also, Director Paul Brink sold 13,076 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of C$170.21, for a total value of C$2,225,654.19. Insiders sold a total of 33,606 shares of company stock worth $5,747,182 in the last 90 days. Company insiders own 0.69% of the company’s stock.

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.