FY2024 EPS Estimates for Franco-Nevada Cut by Scotiabank

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Investment analysts at Scotiabank decreased their FY2024 earnings estimates for shares of Franco-Nevada in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings per share of $4.59 for the year, down from their previous forecast of $4.61. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. Scotiabank also issued estimates for Franco-Nevada’s FY2025 earnings at $5.68 EPS.

FNV has been the subject of a number of other reports. 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 report on Monday, November 18th. Stifel Nicolaus upped their target price on shares of Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. 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, UBS Group upgraded Franco-Nevada to a “strong-buy” rating in a research report on Monday, November 18th. Two 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$190.80.

Franco-Nevada Price Performance

FNV opened at C$183.35 on Monday. Franco-Nevada has a twelve month low of C$140.59 and a twelve month high of C$191.17. The firm has a 50-day moving average price of C$172.22 and a 200-day moving average price of C$170.36. The company has a quick ratio of 23.26, a current ratio of 29.11 and a debt-to-equity ratio of 1.63. The company has a market capitalization of C$35.28 billion, a price-to-earnings ratio of -43.76, a PEG ratio of 5.00 and a beta of 0.68.

Franco-Nevada Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors 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 1.06%. The ex-dividend date of this dividend was Thursday, December 5th. Franco-Nevada’s dividend payout ratio is currently -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.