FY2025 EPS Estimates for Franco-Nevada Lowered by Analyst

Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV - Equities researchers at HC Wainwright lowered their FY2025 EPS estimates for Franco-Nevada in a research note issued to investors on Tuesday, March 11th. HC Wainwright analyst H. Ihle now forecasts that the basic materials company will post earnings per share of $2.38 for the year, down from their previous estimate of $3.68. HC Wainwright currently has a "Buy" rating and a $165.00 target price on the stock. The consensus estimate for Franco-Nevada's current full-year earnings is $3.09 per share.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. The business had revenue of $321.00 million for the quarter, compared to analyst estimates of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS.

Several other brokerages have also recently weighed in on FNV. Canaccord Genuity Group raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective on the stock. in a research note on Tuesday, March 11th. Raymond James boosted their price objective on shares of Franco-Nevada from $160.00 to $162.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Scotiabank boosted their price objective on shares of Franco-Nevada from $145.00 to $150.00 and gave the stock a "sector perform" rating in a research note on Tuesday, March 11th. Finally, UBS Group boosted their price objective on shares of Franco-Nevada from $165.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $153.63.

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Franco-Nevada Trading Up 0.6 %

Franco-Nevada stock traded up $0.91 during mid-day trading on Thursday, reaching $154.26. The company had a trading volume of 836,104 shares, compared to its average volume of 618,686. Franco-Nevada has a fifty-two week low of $112.70 and a fifty-two week high of $155.94. The company has a market cap of $29.70 billion, a P/E ratio of -48.82, a P/E/G ratio of 9.78 and a beta of 0.73. The business has a fifty day simple moving average of $136.67 and a 200 day simple moving average of $128.16.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.99%. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, March 13th. Franco-Nevada's dividend payout ratio is presently 53.15%.

Institutional Investors Weigh In On Franco-Nevada

Institutional investors have recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new position in shares of Franco-Nevada during the 4th quarter valued at approximately $47,000. Point72 DIFC Ltd purchased a new stake in shares of Franco-Nevada during the 3rd quarter valued at approximately $52,000. Physician Wealth Advisors Inc. purchased a new stake in shares of Franco-Nevada during the 4th quarter valued at approximately $49,000. Erste Asset Management GmbH purchased a new stake in shares of Franco-Nevada during the 3rd quarter valued at approximately $55,000. Finally, Harbour Investments Inc. lifted its stake in shares of Franco-Nevada by 25.8% during the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after buying an additional 93 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

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.