Franco-Nevada FY2024 EPS Forecast Boosted by HC Wainwright

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities research analysts at HC Wainwright upped their FY2024 earnings per share (EPS) estimates for shares of Franco-Nevada in a report issued on Friday, December 20th. HC Wainwright analyst H. Ihle now forecasts that the company will earn $4.04 per share for the year, up from their prior forecast of $3.86. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. HC Wainwright also issued estimates for Franco-Nevada’s FY2025 earnings at $5.29 EPS.

Other equities research analysts also recently issued research reports about the stock. UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Stifel Nicolaus boosted their price target on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Canaccord Genuity Group lowered their price objective on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research note on Monday, November 18th. Finally, CIBC upped their target price on Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Franco-Nevada currently has an average rating of “Buy” and a consensus target price of C$190.80.

Franco-Nevada Trading Up 0.8 %

TSE FNV opened at C$166.92 on Monday. The company’s fifty day simple moving average is C$173.84 and its 200-day simple moving average is C$169.68. The stock has a market cap of C$32.12 billion, a P/E ratio of -39.84, a PEG ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 52 week low of C$140.59 and a 52 week high of C$191.17. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63.

Franco-Nevada Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.487 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.17%. 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.