Brokers Set Expectations for Franco-Nevada FY2025 Earnings

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) – Research analysts at HC Wainwright cut their FY2025 earnings estimates for Franco-Nevada in a research report issued to clients and investors on Tuesday, March 11th. HC Wainwright analyst H. Ihle now anticipates that the basic materials company will earn $2.38 per share for the year, down from their previous estimate of $3.68. HC Wainwright currently has a “Buy” rating and a $165.00 target price on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.09 per share.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business had revenue of $321.00 million for the quarter, compared to the consensus estimate of $304.33 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. Franco-Nevada’s revenue for the quarter was up 5.8% compared to the same quarter last year.

FNV has been the subject of several other research reports. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Raymond James increased their price target on Franco-Nevada from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Tuesday. Scotiabank raised their price target on Franco-Nevada from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Tuesday. TD Securities cut shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research note on Tuesday. Finally, StockNews.com upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $153.63.

Franco-Nevada Stock Performance

FNV opened at $150.14 on Thursday. Franco-Nevada has a twelve month low of $112.70 and a twelve month high of $152.77. The business has a 50 day moving average price of $135.47 and a 200 day moving average price of $127.74. The firm has a market cap of $28.91 billion, a P/E ratio of -47.51, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.01%. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, March 13th. Franco-Nevada’s payout ratio is currently 53.15%.

Institutional Trading of Franco-Nevada

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Franco-Nevada during the 4th quarter worth $237,643,000. EdgePoint Investment Group Inc. grew its position in shares of Franco-Nevada by 49.9% in the 4th quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company’s stock worth $582,100,000 after buying an additional 1,650,358 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Franco-Nevada by 246.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,164,394 shares of the basic materials company’s stock valued at $136,796,000 after acquiring an additional 828,166 shares in the last quarter. Capital World Investors increased its position in shares of Franco-Nevada by 9.8% during the fourth quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company’s stock valued at $934,106,000 after buying an additional 711,591 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Franco-Nevada by 76.5% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,284,575 shares of the basic materials company’s stock worth $159,530,000 after purchasing an additional 556,894 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

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.