Stifel Canada Weighs in on Franco-Nevada Q4 Earnings

Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV - Investment analysts at Stifel Canada issued their Q4 2024 earnings per share estimates for shares of Franco-Nevada in a research note issued on Tuesday, February 4th. Stifel Canada analyst I. Rico expects that the basic materials company will earn $0.92 per share for the quarter. The consensus estimate for Franco-Nevada's current full-year earnings is $3.10 per share.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). The business 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%. Franco-Nevada's quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share.

FNV has been the topic of a number of other research reports. UBS Group began coverage on Franco-Nevada in a research report on Monday, November 18th. They issued a "buy" rating and a $160.00 price target on the stock. Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, November 18th. HC Wainwright reaffirmed a "buy" rating and issued a $155.00 price objective on shares of Franco-Nevada in a research note on Tuesday, January 28th. Finally, Scotiabank lowered their target price on shares of Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating for the company in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $145.33.

Franco-Nevada Stock Down 0.3 %

NYSE FNV traded down $0.43 on Thursday, hitting $141.31. The company's stock had a trading volume of 560,515 shares, compared to its average volume of 604,619. The firm has a market cap of $27.21 billion, a PE ratio of -44.72, a PEG ratio of 9.88 and a beta of 0.74. The company's 50-day moving average is $125.16 and its 200 day moving average is $124.72. Franco-Nevada has a 1-year low of $103.64 and a 1-year high of $142.76.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FNV. Moors & Cabot Inc. increased its holdings in shares of Franco-Nevada by 1.5% during the fourth quarter. Moors & Cabot Inc. now owns 46,065 shares of the basic materials company's stock valued at $5,417,000 after acquiring an additional 674 shares in the last quarter. Inspire Advisors LLC increased its stake in Franco-Nevada by 6.6% during the 4th quarter. Inspire Advisors LLC now owns 4,014 shares of the basic materials company's stock valued at $472,000 after purchasing an additional 250 shares in the last quarter. Markel Group Inc. increased its stake in Franco-Nevada by 39.9% during the 4th quarter. Markel Group Inc. now owns 483,250 shares of the basic materials company's stock valued at $56,825,000 after purchasing an additional 137,750 shares in the last quarter. Global View Capital Management LLC acquired a new position in Franco-Nevada during the fourth quarter worth $392,000. Finally, Vista Investment Partners II LLC bought a new position in shares of Franco-Nevada in the fourth quarter valued at $840,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.38 dividend. The ex-dividend date is Thursday, March 13th. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 1.08%. Franco-Nevada's dividend payout ratio (DPR) is currently -48.10%.

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.