Franco-Nevada Co. (NYSE:FNV – Free Report) (TSE:FNV) – Investment analysts at Raymond James decreased their Q3 2024 earnings per share (EPS) estimates for shares of Franco-Nevada in a report issued on Wednesday, August 14th. Raymond James analyst B. Macarthur now expects that the basic materials company will earn $0.84 per share for the quarter, down from their prior forecast of $0.87. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.27 per share. Raymond James also issued estimates for Franco-Nevada’s Q4 2024 earnings at $0.84 EPS and FY2024 earnings at $3.19 EPS.
Franco-Nevada (NYSE:FNV – Get Free Report) (TSE:FNV) last issued its earnings results on Tuesday, August 13th. The basic materials company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The business had revenue of $260.10 million during the quarter, compared to analyst estimates of $277.44 million. Franco-Nevada had a negative net margin of 39.88% and a positive return on equity of 10.81%. Franco-Nevada’s revenue for the quarter was down 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS.
View Our Latest Analysis on Franco-Nevada
Franco-Nevada Price Performance
Shares of FNV opened at $123.25 on Monday. The company has a market capitalization of $23.72 billion, a price-to-earnings ratio of -49.50, a P/E/G ratio of 21.14 and a beta of 0.74. The business’s 50-day moving average is $122.06 and its 200-day moving average is $118.93. Franco-Nevada has a fifty-two week low of $102.29 and a fifty-two week high of $146.43.
Franco-Nevada Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.36 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.17%. Franco-Nevada’s dividend payout ratio (DPR) is presently -57.83%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of FNV. Mechanics Financial Corp lifted its holdings in shares of Franco-Nevada by 150.0% during the second quarter. Mechanics Financial Corp now owns 250 shares of the basic materials company’s stock worth $30,000 after buying an additional 150 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Franco-Nevada during the second quarter worth approximately $33,000. Kings Path Partners LLC acquired a new position in shares of Franco-Nevada during the second quarter worth approximately $36,000. Fortis Group Advisors LLC lifted its holdings in shares of Franco-Nevada by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 352 shares of the basic materials company’s stock worth $39,000 after buying an additional 176 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Franco-Nevada by 3,333.3% during the second quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company’s stock worth $49,000 after buying an additional 400 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.
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.
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