Franco-Nevada FY2024 EPS Estimate Boosted by HC Wainwright

Franco-Nevada Co. (TSE:FNV - Free Report) NYSE: FNV - Equities research analysts at HC Wainwright raised their FY2024 earnings per share (EPS) estimates for Franco-Nevada in a research note issued to investors on Thursday, November 7th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of $3.86 per share for the year, up from their prior forecast of $3.55. 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 $4.97 EPS.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing analysts' consensus estimates of C$1.07 by C($0.04). Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. The business had revenue of C$355.88 million for the quarter.

A number of other brokerages have also recently weighed in on FNV. BMO Capital Markets upped their price target on Franco-Nevada from C$200.00 to C$210.00 and gave the company an "outperform" rating in a research report on Tuesday, July 16th. National Bankshares cut their target price on Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. Canaccord Genuity Group increased their target price on Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. CIBC dropped their price target on Franco-Nevada from C$265.00 to C$235.00 in a research report on Friday. Finally, Stifel Nicolaus increased their price objective on Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$189.80.

Franco-Nevada Stock Performance

Shares of FNV stock traded down C$7.30 during trading on Monday, reaching C$163.09. The company had a trading volume of 121,527 shares, compared to its average volume of 330,019. Franco-Nevada has a one year low of C$139.19 and a one year high of C$191.17. The company has a market capitalization of C$31.38 billion, a PE ratio of -40.67, a PEG ratio of 5.00 and a beta of 0.68. The firm's 50 day simple moving average is C$172.43 and its two-hundred day simple moving average is C$169.49. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26.

Franco-Nevada Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.487 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.95 annualized dividend and a dividend yield of 1.19%. Franco-Nevada's payout ratio is presently -46.30%.

Insiders Place Their Bets

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland bought 805 shares of the stock in a transaction dated 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 acquisition, the director now owns 805 shares of the company's stock, valued at approximately C$136,001.53. 0.69% of the stock is currently owned by company 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.