FY2025 EPS Estimates for Franco-Nevada Raised by Scotiabank

Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV - Research analysts at Scotiabank increased their FY2025 earnings per share estimates for shares of Franco-Nevada in a research note issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings per share of $3.95 for the year, up from their prior estimate of $3.65. Scotiabank currently has a "Sector Perform" rating and a $141.00 price target on the stock. The consensus estimate for Franco-Nevada's current full-year earnings is $3.22 per share. Scotiabank also issued estimates for Franco-Nevada's FY2026 earnings at $4.64 EPS.

A number of other analysts also recently weighed in on FNV. Canaccord Genuity Group raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Bank of America cut Franco-Nevada from a "buy" rating to a "neutral" rating and cut their price target for the company from $142.00 to $139.00 in a report on Tuesday, October 1st. Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. UBS Group assumed coverage on shares of Franco-Nevada in a research note on Monday, November 18th. They set a "buy" rating and a $160.00 price target on the stock. Finally, HC Wainwright dropped their price objective on shares of Franco-Nevada from $200.00 to $155.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Franco-Nevada currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.33.

Franco-Nevada Stock Down 0.2 %

Shares of FNV stock traded down $0.20 during trading hours on Friday, reaching $127.15. 666,356 shares of the company's stock were exchanged, compared to its average volume of 733,300. The business has a fifty day moving average price of $121.32 and a 200-day moving average price of $123.49. The stock has a market capitalization of $24.48 billion, a P/E ratio of -40.24 and a beta of 0.72. Franco-Nevada has a fifty-two week low of $103.64 and a fifty-two week high of $137.60.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.03). The business had revenue of $275.70 million during the quarter, compared to the consensus estimate of $279.11 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The company's revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. M&G PLC boosted its position in shares of Franco-Nevada by 3.2% during the third quarter. M&G PLC now owns 1,679,858 shares of the basic materials company's stock worth $208,645,000 after purchasing an additional 51,996 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Franco-Nevada by 3,404.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 727,681 shares of the basic materials company's stock valued at $86,287,000 after acquiring an additional 706,919 shares during the period. Horizon Kinetics Asset Management LLC increased its holdings in shares of Franco-Nevada by 1.9% in the third quarter. Horizon Kinetics Asset Management LLC now owns 935,834 shares of the basic materials company's stock worth $116,277,000 after acquiring an additional 17,232 shares in the last quarter. Telemark Asset Management LLC raised its position in shares of Franco-Nevada by 66.7% during the third quarter. Telemark Asset Management LLC now owns 50,000 shares of the basic materials company's stock worth $6,212,000 after purchasing an additional 20,000 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Franco-Nevada by 13.9% during the 3rd quarter. Victory Capital Management Inc. now owns 3,489,240 shares of the basic materials company's stock worth $433,538,000 after purchasing an additional 424,810 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Franco-Nevada Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $0.36 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.44 dividend on an annualized basis and a yield of 1.13%. Franco-Nevada's payout ratio is -45.57%.

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.