Raymond James Increases Earnings Estimates for Franco-Nevada

Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV - Raymond James boosted their Q1 2025 EPS estimates for shares of Franco-Nevada in a research report issued to clients and investors on Thursday, December 19th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings per share of $0.95 for the quarter, up from their previous estimate of $0.85. The consensus estimate for Franco-Nevada's current full-year earnings is $3.22 per share.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings results 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). The firm had revenue of $275.70 million for 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 period last year, the firm earned $0.91 EPS.

Several other equities analysts have also commented 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 downgraded Franco-Nevada from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $142.00 to $139.00 in a report on Tuesday, October 1st. Scotiabank dropped their target price on Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating for the company in a report on Friday, November 8th. HC Wainwright decreased their price target on Franco-Nevada from $200.00 to $155.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Jefferies Financial Group dropped their price objective on Franco-Nevada from $137.00 to $136.00 and set a "hold" rating for the company in a research note on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Franco-Nevada presently has a consensus rating of "Moderate Buy" and an average target price of $145.33.

Franco-Nevada Stock Performance

FNV traded up $1.23 during midday trading on Monday, hitting $117.44. The stock had a trading volume of 500,703 shares, compared to its average volume of 663,264. The company has a market cap of $22.61 billion, a P/E ratio of -37.16 and a beta of 0.72. Franco-Nevada has a 1 year low of $103.64 and a 1 year high of $137.60. The business has a fifty day moving average of $124.60 and a 200 day moving average of $123.32.

Franco-Nevada Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, December 5th. Franco-Nevada's payout ratio is -45.57%.

Hedge Funds Weigh In On Franco-Nevada

Institutional investors have recently bought and sold shares of the stock. 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 worth $86,287,000 after purchasing an additional 706,919 shares during the period. EdgePoint Investment Group Inc. boosted its stake in Franco-Nevada by 19.4% during the third quarter. EdgePoint Investment Group Inc. now owns 3,309,493 shares of the basic materials company's stock worth $411,003,000 after acquiring an additional 537,047 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Franco-Nevada by 13.9% in the third 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 during the period. Two Sigma Advisers LP increased its stake in shares of Franco-Nevada by 60.1% during the third quarter. Two Sigma Advisers LP now owns 958,300 shares of the basic materials company's stock valued at $119,069,000 after purchasing an additional 359,900 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Franco-Nevada by 25.4% during the second quarter. National Bank of Canada FI now owns 1,351,218 shares of the basic materials company's stock valued at $159,178,000 after purchasing an additional 274,069 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

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.