Raymond James Reduces Earnings Estimates for Franco-Nevada

Franco-Nevada Co. (TSE:FNV - Free Report) NYSE: FNV - Equities research analysts at Raymond James reduced their Q4 2024 earnings estimates for shares of Franco-Nevada in a research note issued to investors on Thursday, November 7th. Raymond James analyst B. Macarthur now forecasts that the company will earn $1.13 per share for the quarter, down from their previous forecast of $1.25. The consensus estimate for Franco-Nevada's current full-year earnings is $3.11 per share.

Several other research firms have also recently commented on FNV. Canaccord Genuity Group raised their target price on shares of Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd. CIBC dropped their target price on shares of Franco-Nevada from C$265.00 to C$235.00 in a research report on Friday. National Bankshares dropped their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. Stifel Nicolaus raised their target price on shares of Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. Finally, BMO Capital Markets raised their target price on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Franco-Nevada currently has a consensus rating of "Moderate Buy" and an average target price of C$189.80.

Franco-Nevada Trading Down 3.7 %

Franco-Nevada stock traded down C$6.32 during trading hours on Monday, reaching C$164.07. The stock had a trading volume of 330,291 shares, compared to its average volume of 330,977. The stock has a market cap of C$31.57 billion, a PE ratio of -40.67, a PEG ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 52 week low of C$139.19 and a 52 week high of C$191.17. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. The company has a fifty day simple moving average of C$172.43 and a 200-day simple moving average of C$169.49.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$1.03 earnings per share for the quarter, missing the consensus estimate of C$1.07 by C($0.04). The company had revenue of C$355.88 million for the quarter. Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%.

Insiders Place Their Bets

In other news, Director Nicholas Hugo Housby Dryland bought 805 shares of the firm's stock in a transaction on Monday, September 16th. The stock was acquired at an average cost of C$168.95 per share, with a total value of C$136,001.53. Following the completion of the acquisition, the director now owns 805 shares of the company's stock, valued at approximately C$136,001.53. Corporate insiders own 0.69% of the company's stock.

Franco-Nevada Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.487 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.95 annualized dividend and a yield of 1.19%. Franco-Nevada's dividend payout ratio (DPR) is presently -46.30%.

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.