FY2024 Earnings Forecast for Franco-Nevada Co. Issued By National Bank Financial (TSE:FNV)

Franco-Nevada Co. (TSE:FNV - Free Report) NYSE: FNV - National Bank Financial dropped their FY2024 earnings per share estimates for Franco-Nevada in a note issued to investors on Wednesday, August 14th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $4.71 for the year, down from their prior estimate of $4.83. The consensus estimate for Franco-Nevada's current full-year earnings is $4.65 per share. National Bank Financial also issued estimates for Franco-Nevada's Q4 2024 earnings at $1.37 EPS and FY2025 earnings at $5.29 EPS.

Several other research firms also recently issued reports on FNV. Eight Capital lifted their price objective on Franco-Nevada from C$190.00 to C$200.00 and gave the company a "buy" rating in a report on Monday, April 22nd. National Bankshares decreased their price target on Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday. Canaccord Genuity Group increased their price target on Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. BMO Capital Markets raised their target price on Franco-Nevada from C$200.00 to C$210.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 16th. Finally, TD Securities raised Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$192.18.

Franco-Nevada Stock Up 0.9 %

Franco-Nevada stock traded up C$1.43 during midday trading on Monday, reaching C$168.10. The stock had a trading volume of 514,983 shares, compared to its average volume of 346,992. The firm's fifty day simple moving average is C$167.72 and its 200-day simple moving average is C$162.51. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$198.00. The stock has a market capitalization of C$32.35 billion, a P/E ratio of -40.31, a price-to-earnings-growth ratio of 5.00 and a beta of 0.62. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11.

Insiders Place Their Bets

In other Franco-Nevada news, Senior Officer Adrian Wong sold 530 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$162.20, for a total value of C$85,966.00. In other news, Director Paul Brink sold 13,076 shares of the firm's stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of C$170.21, for a total transaction of C$2,225,654.19. Also, Senior Officer Adrian Wong sold 530 shares of the firm's stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$162.20, for a total value of C$85,966.00. In the last quarter, insiders sold 33,606 shares of company stock worth $5,747,182. Corporate insiders own 0.69% of the company's stock.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a $0.497 dividend. This is a boost from Franco-Nevada's previous quarterly dividend of $0.49. This represents a $1.99 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Thursday, September 12th. Franco-Nevada's dividend payout ratio (DPR) is currently -47.48%.

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.