Q4 2024 Earnings Estimate for Franco-Nevada Co. Issued By Raymond James (TSE:FNV)

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Stock analysts at Raymond James increased their Q4 2024 earnings per share estimates for Franco-Nevada in a research report issued on Thursday, October 10th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $1.25 for the quarter, up from their previous forecast of $1.24. The consensus estimate for Franco-Nevada’s current full-year earnings is $5.20 per share.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results 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). The business had revenue of C$355.88 million for the quarter. Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets increased 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 research report on Tuesday, July 16th. Canaccord Genuity Group raised their price objective on shares of Franco-Nevada from C$177.00 to C$190.00 in a report on Tuesday, July 23rd. National Bankshares reduced their target price on Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. CIBC increased their price target on Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. Finally, TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Franco-Nevada has an average rating of “Moderate Buy” and a consensus price target of C$190.90.

Franco-Nevada Stock Performance

Franco-Nevada stock opened at C$171.21 on Monday. The firm has a market capitalization of C$32.95 billion, a P/E ratio of -41.56, a P/E/G ratio of 5.00 and a beta of 0.68. The stock has a fifty day moving average price of C$167.64 and a two-hundred day moving average price of C$167.05. Franco-Nevada has a 52-week low of C$139.19 and a 52-week high of C$194.61. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a $0.497 dividend. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.49. This represents a $1.99 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, September 12th. Franco-Nevada’s dividend payout ratio (DPR) is -47.09%.

Insider Transactions at Franco-Nevada

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

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.