Franco-Nevada FY2024 EPS Lowered by National Bank Financial

Franco-Nevada Co. (TSE:FNV - Free Report) NYSE: FNV - Stock analysts at National Bank Financial reduced their FY2024 earnings estimates for Franco-Nevada in a research note issued on Thursday, November 7th. National Bank Financial analyst S. Nagle now forecasts that the company will earn $4.55 per share for the year, down from their previous estimate of $4.64. The consensus estimate for Franco-Nevada's current full-year earnings is $3.11 per share. National Bank Financial also issued estimates for Franco-Nevada's Q4 2024 earnings at $1.34 EPS and FY2025 earnings at $5.94 EPS.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last released its quarterly earnings data 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 firm had revenue of C$355.88 million during the quarter. Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%.

Several other equities research analysts have also issued reports on FNV. CIBC decreased their price target on shares of Franco-Nevada from C$265.00 to C$235.00 in a research note on Friday. TD Securities raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Thursday, August 15th. Canaccord Genuity Group boosted their price target on shares of Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd. BMO Capital Markets upped their price objective 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$189.80.

Franco-Nevada Trading Down 4.3 %

Shares of FNV stock traded down C$7.30 during trading hours on Monday, hitting C$163.09. 121,527 shares of the company were exchanged, compared to its average volume of 330,019. The firm has a market cap of C$31.38 billion, a P/E ratio of -40.67, a P/E/G ratio of 5.00 and a beta of 0.68. The company has a 50 day simple moving average of C$172.43 and a two-hundred day simple moving average of C$169.49. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11. Franco-Nevada has a fifty-two week low of C$139.19 and a fifty-two week high of C$191.17.

Insider Buying and Selling at Franco-Nevada

In other news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of C$168.95 per share, for a total transaction of C$136,001.53. Following the completion of the transaction, 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 Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.487 per share. This represents a $1.95 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Thursday, December 5th. Franco-Nevada's dividend payout ratio (DPR) is presently -46.30%.

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.