Stifel Canada Comments on Franco-Nevada Q4 Earnings

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) – Equities research analysts at Stifel Canada issued their Q4 2024 earnings per share (EPS) estimates for shares of Franco-Nevada in a note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico anticipates that the basic materials company will post earnings per share of $0.92 for the quarter. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.19 per share.

Other equities research analysts have also issued reports about the stock. Scotiabank reduced their price objective on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating on the stock in a research note on Friday, November 8th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. HC Wainwright reissued a “buy” rating and issued a $155.00 price objective on shares of Franco-Nevada in a research note on Tuesday, January 28th. Finally, UBS Group initiated coverage on Franco-Nevada in a research report on Monday, November 18th. They set a “buy” rating and a $160.00 target price on the stock. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Franco-Nevada has a consensus rating of “Moderate Buy” and an average price target of $145.33.

Franco-Nevada Trading Up 3.0 %

Shares of FNV stock opened at $141.82 on Thursday. The business’s 50 day simple moving average is $124.41 and its 200 day simple moving average is $124.49. Franco-Nevada has a one year low of $103.64 and a one year high of $142.32.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). The company had revenue of $275.70 million during the quarter, compared to analyst estimates of $279.11 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $0.38 per share. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Thursday, March 13th. Franco-Nevada’s dividend payout ratio is -45.57%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new position in Franco-Nevada in the 4th quarter valued at about $47,000. Point72 DIFC Ltd purchased a new stake in shares of Franco-Nevada in the third quarter worth approximately $52,000. Erste Asset Management GmbH bought a new position in shares of Franco-Nevada in the third quarter valued at approximately $55,000. SBI Securities Co. Ltd. purchased a new position in shares of Franco-Nevada during the fourth quarter valued at approximately $73,000. Finally, Jones Financial Companies Lllp grew its holdings in Franco-Nevada by 25.6% during the fourth quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company’s stock worth $73,000 after buying an additional 126 shares in the last quarter. 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.