FY2024 EPS Estimates for Franco-Nevada Increased by Analyst

Franco-Nevada Co. (TSE:FNV - Free Report) NYSE: FNV - Investment analysts at National Bank Financial raised their FY2024 earnings per share estimates for Franco-Nevada in a report issued on Monday, February 10th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $4.56 per share for the year, up from their prior estimate of $4.55. 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 FY2025 earnings at $6.54 EPS.

Several other research firms have also recently weighed in on FNV. Canaccord Genuity Group decreased their target price on shares of Franco-Nevada from C$198.00 to C$190.00 and set a "strong-buy" rating for the company in a research note on Monday, November 18th. UBS Group raised shares of Franco-Nevada to a "strong-buy" rating in a report on Monday, November 18th. Stifel Nicolaus boosted their price target on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. Finally, CIBC raised their price objective on Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$190.80.

Franco-Nevada Price Performance

FNV stock traded down C$8.12 during mid-day trading on Thursday, reaching C$196.12. The company had a trading volume of 211,906 shares, compared to its average volume of 238,036. The company has a market capitalization of C$26.61 billion, a price-to-earnings ratio of -42.35, a PEG ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 52 week low of C$140.67 and a 52 week high of C$206.32. The stock has a 50 day simple moving average of C$182.50 and a two-hundred day simple moving average of C$175.05.

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.