Franco-Nevada Co. (TSE:FNV - Free Report) NYSE: FNV - Investment analysts at HC Wainwright raised their FY2024 EPS estimates for Franco-Nevada in a research note issued on Friday, December 20th. HC Wainwright analyst H. Ihle now forecasts that the company will earn $4.04 per share for the year, up from their previous forecast of $3.86. The consensus estimate for Franco-Nevada's current full-year earnings is $3.11 per share. HC Wainwright also issued estimates for Franco-Nevada's FY2025 earnings at $5.29 EPS.
Several other brokerages have also commented on FNV. UBS Group raised Franco-Nevada to a "strong-buy" rating in a research note on Monday, November 18th. CIBC upped their target price on shares of Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Canaccord Genuity Group cut their price target on shares of Franco-Nevada from C$198.00 to C$190.00 and set a "strong-buy" rating for the company in a report on Monday, November 18th. Finally, Stifel Nicolaus upped their price objective on shares of Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Franco-Nevada currently has a consensus rating of "Buy" and an average target price of C$190.80.
Get Our Latest Stock Analysis on FNV
Franco-Nevada Price Performance
TSE FNV traded up C$1.94 during trading on Monday, reaching C$168.86. 139,781 shares of the company traded hands, compared to its average volume of 327,424. Franco-Nevada has a 1-year low of C$140.59 and a 1-year high of C$191.17. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11. The stock's 50 day moving average price is C$173.84 and its two-hundred day moving average price is C$169.64. The company has a market cap of C$32.49 billion, a price-to-earnings ratio of -40.30, a P/E/G ratio of 5.00 and a beta of 0.68.
Franco-Nevada Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a dividend of $0.487 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Thursday, December 5th. Franco-Nevada's dividend payout ratio (DPR) is -46.30%.
About Franco-Nevada
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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.
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