Raymond James Increases Earnings Estimates for Franco-Nevada

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Raymond James boosted their FY2024 earnings per share (EPS) estimates for Franco-Nevada in a note issued to investors on Monday, January 27th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $4.59 per share for the year, up from their prior 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.

A number of other brokerages have also recently issued reports on FNV. Canaccord Genuity Group lowered their target price on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a report on Monday, November 18th. CIBC upped their price objective on Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Stifel Nicolaus lifted their target price on shares of Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. Finally, UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$190.80.

Franco-Nevada Stock Up 1.3 %

Shares of FNV opened at C$188.14 on Wednesday. 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$140.67 and a 52 week high of C$191.17. The stock has a market capitalization of C$36.20 billion, a price-to-earnings ratio of -44.90, a PEG ratio of 5.00 and a beta of 0.68. The stock has a fifty day moving average of C$174.73 and a 200-day moving average of C$172.12.

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

Franco-Nevada Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.487 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, December 5th. Franco-Nevada’s dividend payout ratio (DPR) is presently -46.30%.

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.