FY2024 EPS Estimates for Franco-Nevada Reduced by Analyst

Franco-Nevada Co. (TSE:FNV - Free Report) NYSE: FNV - Equities research analysts at Stifel Canada dropped their FY2024 earnings per share (EPS) estimates for Franco-Nevada in a research note issued on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the company will earn $4.13 per share for the year, down from their previous estimate of $4.77. The consensus estimate for Franco-Nevada's current full-year earnings is $3.11 per share. Stifel Canada also issued estimates for Franco-Nevada's FY2025 earnings at $5.92 EPS.

A number of other brokerages have also weighed in on FNV. CIBC lifted their price objective on shares of Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Canaccord Genuity Group decreased their price target on shares of Franco-Nevada from C$198.00 to C$190.00 and set a "strong-buy" rating for the company in a research note on Monday, November 18th. Stifel Nicolaus increased their price objective on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Finally, UBS Group raised Franco-Nevada to a "strong-buy" rating in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$190.80.

Franco-Nevada Trading Up 1.4 %

Shares of TSE:FNV traded up C$2.87 on Friday, hitting C$204.72. 127,720 shares of the company's stock were exchanged, compared to its average volume of 233,247. The stock has a market capitalization of C$39.39 billion, a price-to-earnings ratio of -48.86, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 12 month low of C$140.67 and a 12 month high of C$206.32. 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 business's 50 day simple moving average is C$179.42 and its two-hundred day simple moving average is C$174.10.

About Franco-Nevada

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.