FY2024 EPS Estimates for Franco-Nevada Decreased by Analyst

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) – Investment analysts at National Bank Financial decreased their FY2024 earnings estimates for Franco-Nevada in a research note issued to investors on Monday, February 10th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings per share of $3.19 for the year, down from their prior estimate of $3.27. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.10 per share. National Bank Financial also issued estimates for Franco-Nevada’s Q4 2024 earnings at $0.89 EPS and FY2025 earnings at $4.57 EPS.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Scotiabank decreased their price objective 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. UBS Group started coverage on shares of Franco-Nevada in a research note on Monday, November 18th. They issued a “buy” rating and a $160.00 price objective for the company. Finally, Royal Bank of Canada raised their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $146.71.

Franco-Nevada Stock Performance

Shares of NYSE:FNV opened at $142.43 on Wednesday. The stock has a market capitalization of $27.42 billion, a price-to-earnings ratio of -45.07, a PEG ratio of 9.88 and a beta of 0.74. Franco-Nevada has a 1-year low of $103.64 and a 1-year high of $143.77. The company has a 50 day moving average price of $126.40 and a 200 day moving average price of $125.10.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.07%. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s dividend payout ratio (DPR) is -45.57%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Laurel Wealth Advisors LLC bought a new position in shares of Franco-Nevada during the 4th quarter valued at $47,000. Physician Wealth Advisors Inc. bought a new position in shares of Franco-Nevada during the 4th quarter valued at $49,000. Point72 DIFC Ltd bought a new position in shares of Franco-Nevada during the 3rd quarter valued at $52,000. Harbour Investments Inc. raised its holdings in shares of Franco-Nevada by 25.8% during the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 93 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new position in shares of Franco-Nevada during the 3rd quarter valued at $55,000. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Company Profile

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.