Brokers Issue Forecasts for Franco-Nevada Q3 Earnings

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Investment analysts at Stifel Canada issued their Q3 2024 earnings per share estimates for shares of Franco-Nevada in a research note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico anticipates that the company will post earnings of $1.17 per share for the quarter. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share.

Other analysts have also issued research reports about the company. Stifel Nicolaus upped their price objective on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday. National Bankshares dropped their target price on Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. TD Securities raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. CIBC raised their price objective on Franco-Nevada from C$250.00 to C$265.00 in a report on Wednesday, July 10th. Finally, BMO Capital Markets raised their price objective on Franco-Nevada from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$192.80.

Franco-Nevada Stock Up 0.3 %

TSE:FNV opened at C$188.51 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 fifty day moving average is C$168.86 and its two-hundred day moving average is C$168.01. Franco-Nevada has a 52 week low of C$139.19 and a 52 week high of C$193.01. The stock has a market capitalization of C$36.27 billion, a price-to-earnings ratio of -44.99, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings data on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing analysts’ consensus estimates of C$1.07 by C($0.04). Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. The business had revenue of C$355.88 million during the quarter.

Insider Transactions at Franco-Nevada

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was acquired at an average cost of C$168.95 per share, with a total value of C$136,001.53. Following the purchase, the director now directly owns 805 shares in the company, valued at approximately C$136,001.53. Corporate insiders own 0.69% of the company’s stock.

Franco-Nevada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a dividend of $0.497 per share. This represents a $1.99 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Thursday, September 12th. 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.