Brokers Set Expectations for Franco-Nevada FY2024 Earnings

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Research analysts at Raymond James lifted their FY2024 earnings per share (EPS) estimates for Franco-Nevada in a research report issued on Monday, January 27th. Raymond James analyst B. Macarthur now forecasts that the company will earn $4.59 per share for the year, up from their previous forecast of $4.34. 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 Q4 2024 earnings at $1.25 EPS, Q1 2025 earnings at $1.38 EPS, Q2 2025 earnings at $1.31 EPS, Q3 2025 earnings at $1.40 EPS, Q4 2025 earnings at $1.45 EPS and FY2025 earnings at $5.54 EPS.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$1.09 EPS for the quarter, missing the consensus estimate of C$1.15 by C($0.06). Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. During the same quarter in the previous year, the firm posted $1.22 EPS.

Other analysts also recently issued research reports about the company. Canaccord Genuity Group dropped their price target on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research report on Monday, November 18th. UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a research report on Monday, November 18th. CIBC increased their target price on Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Finally, Stifel Nicolaus lifted their price target on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Franco-Nevada currently has an average rating of “Buy” and a consensus price target of C$190.80.

Franco-Nevada Trading Up 0.5 %

Shares of FNV stock opened at C$189.13 on Wednesday. The company has a market capitalization of C$36.39 billion, a PE ratio of -45.14, a price-to-earnings-growth 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. The business’s fifty day moving average is C$175.10 and its 200 day moving average is C$172.28. Franco-Nevada has a 52-week low of C$140.67 and a 52-week high of C$191.17.

Franco-Nevada Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.487 dividend. This represents a $1.95 annualized dividend and a dividend yield of 1.03%. 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.