Franco-Nevada (NYSE:FNV) Price Target Raised to $162.00

Franco-Nevada (NYSE:FNV) (TSE:FNV) had its target price hoisted by Raymond James from $160.00 to $162.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Raymond James currently has an outperform rating on the basic materials company’s stock. Raymond James also issued estimates for Franco-Nevada’s Q1 2025 earnings at $0.90 EPS, Q2 2025 earnings at $0.96 EPS, Q3 2025 earnings at $0.90 EPS, Q4 2025 earnings at $0.87 EPS and FY2025 earnings at $3.63 EPS.

Other analysts have also issued reports about the company. Scotiabank lifted their price target on Franco-Nevada from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. StockNews.com raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. TD Securities downgraded Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday. Finally, Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Franco-Nevada currently has an average rating of “Moderate Buy” and a consensus target price of $153.63.

Franco-Nevada Stock Up 2.0 %

Franco-Nevada stock opened at $150.14 on Tuesday. Franco-Nevada has a 52 week low of $112.70 and a 52 week high of $152.77. The business’s 50-day moving average price is $135.47 and its 200 day moving average price is $127.74. The firm has a market cap of $28.91 billion, a price-to-earnings ratio of -47.51, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. The company had revenue of $321.00 million for the quarter, compared to analyst estimates of $304.33 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. Franco-Nevada’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. Equities analysts expect that Franco-Nevada will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.38 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.01%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s payout ratio is currently 53.15%.

Institutional Investors Weigh In On Franco-Nevada

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FNV. Laurel Wealth Advisors LLC purchased a new stake in Franco-Nevada in the fourth quarter valued at $47,000. Physician Wealth Advisors Inc. purchased a new stake in Franco-Nevada in the fourth quarter valued at $49,000. Point72 DIFC Ltd purchased a new stake in Franco-Nevada in the third quarter valued at $52,000. Harbour Investments Inc. raised its holdings in shares of Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock valued at $53,000 after buying an additional 93 shares during the period. Finally, Erste Asset Management GmbH purchased a new stake in shares of Franco-Nevada in the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

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.