Brokers Offer Predictions for Franco-Nevada Q3 Earnings

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities research analysts at National Bank Financial cut their Q3 2024 earnings per share estimates for shares of Franco-Nevada in a report released on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now anticipates that the company will earn $1.20 per share for the quarter, down from their prior estimate of $1.27. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. National Bank Financial also issued estimates for Franco-Nevada’s FY2025 earnings at $5.69 EPS.

FNV has been the topic of a number of other reports. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. National Bankshares decreased their price target on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. BMO Capital Markets lifted their price target on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. CIBC increased their price objective on Franco-Nevada from C$250.00 to C$265.00 in a report on Wednesday, July 10th. Finally, Canaccord Genuity Group boosted their target price on Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$192.80.

Franco-Nevada Stock Performance

The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. The company has a market cap of C$36.27 billion, a price-to-earnings ratio of -45.05, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a twelve month low of C$139.19 and a twelve month high of C$190.74. The business’s 50 day moving average is C$169.34 and its 200 day moving average is C$168.20.

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

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a dividend of $0.497 per share. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.49. The ex-dividend date was Thursday, September 12th. This represents a $1.99 dividend on an annualized basis and a yield of ∞. Franco-Nevada’s dividend payout ratio is -46.30%.

Insiders Place Their Bets

In related news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were purchased at an average cost of C$168.95 per share, for a total transaction of C$136,001.53. Following the completion of the transaction, the director now directly owns 805 shares in the company, valued at approximately C$136,001.53. 0.69% of the stock is owned by corporate insiders.

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.