Brokers Offer Predictions for Franco-Nevada Q4 Earnings

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) – Equities researchers at Stifel Canada issued their Q4 2024 earnings per share (EPS) estimates for shares of Franco-Nevada in a research note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico forecasts that the basic materials company will post earnings of $0.92 per share for the quarter. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.19 per share.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group reduced their target price on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Scotiabank lowered their target price on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a research note on Friday, November 8th. HC Wainwright restated a “buy” rating and issued a $155.00 price objective on shares of Franco-Nevada in a report on Tuesday, January 28th. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Franco-Nevada currently has an average rating of “Moderate Buy” and a consensus price target of $145.33.

Franco-Nevada Stock Performance

FNV stock opened at $141.72 on Thursday. The firm has a market cap of $27.29 billion, a PE ratio of -44.85, a PEG ratio of 6.12 and a beta of 0.74. Franco-Nevada has a one year low of $103.64 and a one year high of $142.32. The firm’s 50 day moving average price is $124.78 and its 200-day moving average price is $124.61.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). The firm had revenue of $275.70 million during the quarter, compared to analyst estimates of $279.11 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.38 dividend. The ex-dividend date is Thursday, March 13th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.07%. Franco-Nevada’s dividend payout ratio is currently -45.57%.

Institutional Investors Weigh In On Franco-Nevada

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Franco-Nevada in the 4th quarter valued at about $12,280,000. Charles Schwab Investment Management Inc. grew its position in shares of Franco-Nevada by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company’s stock worth $49,702,000 after acquiring an additional 16,029 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Franco-Nevada by 113.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company’s stock valued at $601,000 after acquiring an additional 2,710 shares during the period. DJE Kapital AG purchased a new stake in Franco-Nevada in the 4th quarter valued at $1,725,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Franco-Nevada during the 4th quarter worth $73,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

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.