Franco-Nevada FY2024 EPS Lowered by National Bank Financial

Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV - Equities research analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for shares of Franco-Nevada in a research note issued to investors on Thursday, November 7th. National Bank Financial analyst S. Nagle now expects that the basic materials company will earn $3.27 per share for the year, down from their previous forecast of $3.36. The consensus estimate for Franco-Nevada's current full-year earnings is $3.25 per share. National Bank Financial also issued estimates for Franco-Nevada's Q4 2024 earnings at $0.96 EPS and FY2025 earnings at $4.27 EPS.

A number of other research firms have also weighed in on FNV. Scotiabank reduced their target price on Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating on the stock in a research note on Friday. HC Wainwright increased their price target on Franco-Nevada from $185.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday. StockNews.com raised Franco-Nevada from a "sell" rating to a "hold" rating in a research report on Thursday, August 22nd. TD Cowen raised Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Thursday, August 15th. Finally, TD Securities raised Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $156.57.

Franco-Nevada Trading Down 3.8 %

NYSE:FNV traded down $4.61 during midday trading on Monday, hitting $117.83. 1,274,610 shares of the company traded hands, compared to its average volume of 658,750. The firm's fifty day moving average is $126.57 and its 200-day moving average is $124.18. Franco-Nevada has a 12-month low of $102.29 and a 12-month high of $137.60. The firm has a market capitalization of $22.68 billion, a P/E ratio of -37.29, a P/E/G ratio of 20.59 and a beta of 0.75.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.03). Franco-Nevada had a positive return on equity of 10.63% and a negative net margin of 55.28%. The firm had revenue of $275.70 million for the quarter, compared to analysts' expectations of $279.11 million. During the same period last year, the company earned $0.91 earnings per share. The firm's revenue was down 10.9% on a year-over-year basis.

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.22%. The ex-dividend date is Thursday, December 5th. Franco-Nevada's dividend payout ratio is presently -45.57%.

Institutional Investors Weigh In On Franco-Nevada

Institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its stake in shares of Franco-Nevada by 7.2% in the first quarter. Janney Montgomery Scott LLC now owns 14,248 shares of the basic materials company's stock worth $1,698,000 after purchasing an additional 963 shares during the last quarter. Forsta AP Fonden raised its stake in shares of Franco-Nevada by 6.7% in the first quarter. Forsta AP Fonden now owns 38,000 shares of the basic materials company's stock worth $4,532,000 after purchasing an additional 2,400 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Franco-Nevada in the first quarter worth about $1,347,000. Inspire Advisors LLC purchased a new position in shares of Franco-Nevada in the first quarter worth about $495,000. Finally, Headlands Technologies LLC purchased a new position in shares of Franco-Nevada in the first quarter worth about $62,000. Institutional investors and hedge funds 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.