Q3 2024 Earnings Estimate for Franco-Nevada Co. Issued By Raymond James (TSE:FNV)

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities researchers at Raymond James raised their Q3 2024 EPS estimates for shares of Franco-Nevada in a note issued to investors on Monday, September 23rd. Raymond James analyst B. Macarthur now forecasts that the company will earn $1.21 per share for the quarter, up from their prior forecast of $1.15. The consensus estimate for Franco-Nevada’s current full-year earnings is $5.28 per share. Raymond James also issued estimates for Franco-Nevada’s Q4 2024 earnings at $1.24 EPS, FY2024 earnings at $4.50 EPS, Q1 2025 earnings at $1.16 EPS, Q2 2025 earnings at $1.21 EPS, Q3 2025 earnings at $1.32 EPS, Q4 2025 earnings at $1.36 EPS and FY2025 earnings at $5.05 EPS.

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

FNV has been the subject of several other reports. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. BMO Capital Markets lifted their target price 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. National Bankshares dropped their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. Canaccord Genuity Group raised their price target on shares of Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd. Finally, CIBC upped their price objective on Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Franco-Nevada presently has a consensus rating of “Moderate Buy” and an average target price of C$190.90.

Franco-Nevada Stock Down 2.2 %

Shares of TSE:FNV opened at C$169.64 on Thursday. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The stock has a fifty day simple moving average of C$168.91 and a two-hundred day simple moving average of C$166.02. Franco-Nevada has a 12-month low of C$139.19 and a 12-month high of C$194.61. The stock has a market capitalization of C$32.64 billion, a price-to-earnings ratio of -42.09, a PEG ratio of 5.00 and a beta of 0.68.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.497 per share. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.49. This represents a $1.99 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, September 12th. Franco-Nevada’s payout ratio is currently -47.57%.

Insider Activity

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were bought at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the completion of the acquisition, the director now owns 805 shares in the company, valued at approximately C$136,001.53. Insiders own 0.69% 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.