Q4 EPS Estimates for Franco-Nevada Lowered by Raymond James

Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV - Research analysts at Raymond James decreased their Q4 2024 earnings estimates for Franco-Nevada in a research note issued on Thursday, November 7th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will earn $0.81 per share for the quarter, down from their previous forecast of $0.92. The consensus estimate for Franco-Nevada's current full-year earnings is $3.25 per share. Raymond James also issued estimates for Franco-Nevada's Q2 2025 earnings at $0.88 EPS, Q3 2025 earnings at $0.96 EPS and FY2025 earnings at $3.68 EPS.

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 company had revenue of $275.70 million for the quarter, compared to analysts' expectations of $279.11 million. Franco-Nevada had a positive return on equity of 10.63% and a negative net margin of 55.28%. The company's revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 EPS.

Other analysts have also issued research reports about the stock. StockNews.com upgraded shares of Franco-Nevada from a "sell" rating to a "hold" rating in a research report on Thursday, August 22nd. HC Wainwright lifted their price objective on Franco-Nevada from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Friday. TD Cowen upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Thursday, August 15th. Scotiabank decreased their price target on Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating on the stock in a research note on Friday. Finally, TD Securities upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $156.57.

Franco-Nevada Trading Down 3.8 %

Shares of Franco-Nevada stock traded down $4.61 during mid-day trading on Monday, hitting $117.83. 1,274,610 shares of the stock were exchanged, compared to its average volume of 658,750. The company has a 50-day simple moving average of $126.57 and a 200 day simple moving average of $124.18. The stock has a market capitalization of $22.68 billion, a price-to-earnings ratio of -37.29, a price-to-earnings-growth ratio of 20.59 and a beta of 0.75. Franco-Nevada has a twelve month low of $102.29 and a twelve month high of $137.60.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, December 5th. Franco-Nevada's dividend payout ratio (DPR) is presently -45.57%.

Institutional Trading of Franco-Nevada

Several large investors have recently added to or reduced their stakes in the stock. Graham Capital Wealth Management LLC boosted its holdings in Franco-Nevada by 0.4% in the 2nd quarter. Graham Capital Wealth Management LLC now owns 21,183 shares of the basic materials company's stock worth $2,511,000 after acquiring an additional 86 shares during the period. Meixler Investment Management Ltd. boosted its stake in shares of Franco-Nevada by 0.5% in the second quarter. Meixler Investment Management Ltd. now owns 21,460 shares of the basic materials company's stock valued at $2,543,000 after purchasing an additional 101 shares during the period. Natixis Advisors LLC grew its holdings in Franco-Nevada by 0.5% during the 2nd quarter. Natixis Advisors LLC now owns 19,167 shares of the basic materials company's stock valued at $2,272,000 after purchasing an additional 101 shares in the last quarter. Huntington National Bank increased its stake in Franco-Nevada by 7.4% during the 3rd quarter. Huntington National Bank now owns 1,486 shares of the basic materials company's stock worth $185,000 after buying an additional 102 shares during the period. Finally, Hillsdale Investment Management Inc. increased 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 worth $52,000 after buying an additional 110 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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.