Raymond James Analysts Boost Earnings Estimates for Franco-Nevada Co. (TSE:FNV)

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities research analysts at Raymond James raised their Q2 2024 EPS estimates for shares of Franco-Nevada in a report released on Tuesday, April 23rd. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $1.15 for the quarter, up from their prior forecast of $0.97. Raymond James currently has a “Outperform” rating and a $138.00 price target on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $4.28 per share. Raymond James also issued estimates for Franco-Nevada’s Q3 2024 earnings at $1.11 EPS and Q4 2024 earnings at $1.11 EPS.

A number of other brokerages also recently weighed in on FNV. National Bankshares cut their price target on shares of Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 7th. Scotiabank lowered their target price on Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a research note on Thursday, March 7th. Bank of America increased their target price on Franco-Nevada from C$186.00 to C$190.00 in a research note on Tuesday, April 9th. BMO Capital Markets lowered their target price on Franco-Nevada from C$200.00 to C$195.00 in a research note on Wednesday, March 6th. Finally, Eight Capital increased their target price on Franco-Nevada from C$190.00 to C$200.00 and gave the stock a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$187.50.

Franco-Nevada Stock Performance

Shares of TSE:FNV opened at C$163.00 on Thursday. The company has a market capitalization of C$31.33 billion, a price-to-earnings ratio of -48.95, a P/E/G ratio of 5.00 and a beta of 0.63. The firm’s 50 day simple moving average is C$155.92 and its 200 day simple moving average is C$157.08. The company has a debt-to-equity ratio of 1.63, a current ratio of 41.21 and a quick ratio of 23.26. Franco-Nevada has a fifty-two week low of C$139.19 and a fifty-two week high of C$217.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.07 by C$0.16. The business had revenue of C$412.95 million for the quarter. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.477 per share. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.47. This represents a $1.91 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Wednesday, March 13th. Franco-Nevada’s dividend payout ratio (DPR) is currently -58.86%.

Insider Transactions at Franco-Nevada

In other news, Director Paul Brink sold 3,445 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total transaction of C$547,513.85. In other news, Director Paul Brink sold 3,445 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total transaction of C$547,513.85. Also, Senior Officer Eaun Harrison Gray sold 330 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total transaction of C$51,707.70. Insiders sold 16,839 shares of company stock valued at $2,686,396 in the last ninety days. 0.69% of the stock is currently owned by corporate insiders.

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.