Analysts Set Expectations for Franco-Nevada Q3 Earnings

Franco-Nevada Co. (TSE:FNV - Free Report) NYSE: FNV - Equities research analysts at Stifel Canada issued their Q3 2024 EPS estimates for Franco-Nevada in a research note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico anticipates that the company will post earnings per share of $1.17 for the quarter. The consensus estimate for Franco-Nevada's current full-year earnings is $3.11 per share.

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 EPS for the quarter, missing the consensus estimate of C$1.07 by C($0.04). Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. The company had revenue of C$355.88 million during the quarter.

Several other analysts also recently issued reports on FNV. Stifel Nicolaus lifted their target price on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday. Canaccord Genuity Group lifted their price objective on shares of Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. National Bankshares cut their price objective on Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. CIBC raised their price objective on Franco-Nevada from C$250.00 to C$265.00 in a report on Wednesday, July 10th. Finally, TD Securities raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$192.80.

Franco-Nevada Stock Performance

TSE FNV traded up C$0.59 on Wednesday, reaching C$188.51. 250,433 shares of the stock were exchanged, compared to its average volume of 329,850. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. Franco-Nevada has a one year low of C$139.19 and a one year high of C$193.01. The firm has a market capitalization of C$36.27 billion, a PE ratio of -44.99, a PEG ratio of 5.00 and a beta of 0.68. The company's 50-day simple moving average is C$168.86 and its two-hundred day simple moving average is C$168.01.

Insider Transactions at Franco-Nevada

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

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were issued a $0.497 dividend. This is an increase from Franco-Nevada's previous quarterly dividend of $0.49. This represents a $1.99 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Thursday, September 12th. Franco-Nevada's dividend payout ratio is -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.