Franco-Nevada Q3 EPS Reduced by National Bank Financial

Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV - Analysts at National Bank Financial decreased their Q3 2024 earnings per share estimates for shares of Franco-Nevada in a research report issued on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings per share of $0.87 for the quarter, down from their previous forecast of $0.93. The consensus estimate for Franco-Nevada's current full-year earnings is $3.26 per share. National Bank Financial also issued estimates for Franco-Nevada's FY2025 earnings at $4.12 EPS.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The business had revenue of $260.10 million for the quarter, compared to analyst estimates of $277.44 million. Franco-Nevada had a negative net margin of 51.64% and a positive return on equity of 10.56%. Franco-Nevada's revenue for the quarter was down 21.2% on a year-over-year basis. During the same period last year, the business posted $0.95 earnings per share.

Other research analysts have also issued research reports about the stock. Bank of America lowered shares of Franco-Nevada from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $142.00 to $139.00 in a research note on Tuesday, October 1st. TD Cowen raised Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Thursday, August 15th. Scotiabank upped their price objective on Franco-Nevada from $141.00 to $142.00 and gave the company a "sector perform" rating in a report on Monday, August 19th. StockNews.com raised Franco-Nevada from a "sell" rating to a "hold" rating in a report on Thursday, August 22nd. Finally, TD Securities raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $152.75.

Franco-Nevada Stock Down 0.1 %

Franco-Nevada stock traded down $0.15 during trading hours on Friday, hitting $135.65. 595,306 shares of the company traded hands, compared to its average volume of 655,493. The firm's 50-day simple moving average is $124.63 and its two-hundred day simple moving average is $123.18. The firm has a market cap of $26.10 billion, a P/E ratio of -54.47, a P/E/G ratio of 20.13 and a beta of 0.76. Franco-Nevada has a 1-year low of $102.29 and a 1-year high of $137.52.

Franco-Nevada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Thursday, September 12th. Franco-Nevada's dividend payout ratio (DPR) is currently -57.83%.

Institutional Investors Weigh In On Franco-Nevada

Several hedge funds have recently made changes to their positions in FNV. Mechanics Financial Corp grew its position in Franco-Nevada by 150.0% during the 2nd quarter. Mechanics Financial Corp now owns 250 shares of the basic materials company's stock worth $30,000 after purchasing an additional 150 shares in the last quarter. Mather Group LLC. acquired a new position in Franco-Nevada during the second quarter valued at $33,000. Kings Path Partners LLC purchased a new stake in Franco-Nevada in the 2nd quarter worth about $36,000. Sunbelt Securities Inc. boosted its position in Franco-Nevada by 3,333.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company's stock worth $49,000 after acquiring an additional 400 shares during the period. Finally, Hillsdale Investment Management Inc. grew its stake in Franco-Nevada by 33.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 440 shares of the basic materials company's stock valued at $52,000 after acquiring an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Franco-Nevada Company Profile

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.