Franco-Nevada FY2024 EPS Estimate Boosted by Raymond James

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities research analysts at Raymond James lifted their FY2024 earnings estimates for Franco-Nevada in a report issued on Monday, January 27th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $4.59 per share for the year, up from their previous estimate 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.

FNV has been the subject of a number of other reports. CIBC lifted their price objective on shares of Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Stifel Nicolaus boosted their price objective on Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. Canaccord Genuity Group dropped their target price on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a report on Monday, November 18th. Finally, UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$190.80.

Franco-Nevada Price Performance

Shares of TSE:FNV opened at C$189.13 on Wednesday. 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 stock’s 50 day moving average is C$175.10 and its 200-day moving average is C$172.28. Franco-Nevada has a twelve month low of C$140.67 and a twelve month high of C$191.17. The firm has a market capitalization of C$36.39 billion, a price-to-earnings ratio of -45.14, a PEG ratio of 5.00 and a beta of 0.68.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.09 earnings per share 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 period last year, the company earned $1.22 EPS.

Franco-Nevada Cuts Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Thursday, December 5th. Franco-Nevada’s dividend payout ratio is currently -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.