Franco-Nevada Q3 EPS Reduced by National Bank Financial

Franco-Nevada Co. (TSE:FNV - Free Report) NYSE: FNV - Stock analysts at National Bank Financial cut their Q3 2024 earnings per share estimates for Franco-Nevada in a report released on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now forecasts that the company will earn $1.20 per share for the quarter, down from their previous estimate of $1.27. The consensus estimate for Franco-Nevada's current full-year earnings is $3.11 per share. National Bank Financial also issued estimates for Franco-Nevada's FY2025 earnings at $5.69 EPS.

Other equities research analysts also recently issued research reports about the company. TD Securities upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Thursday, August 15th. CIBC increased their price objective on Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. Stifel Nicolaus increased their price objective on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday. Canaccord Genuity Group increased their price objective on Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd. Finally, National Bankshares reduced their target price on Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$192.80.

Franco-Nevada Price Performance

The firm has a market capitalization of C$36.27 billion, a P/E ratio of -45.05, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. Franco-Nevada has a 52-week low of C$139.19 and a 52-week high of C$190.74. The business has a fifty day moving average price of C$169.34 and a 200 day moving average price of C$168.20.

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

Franco-Nevada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a $0.497 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This is an increase from Franco-Nevada's previous quarterly dividend of $0.49. This represents a $1.99 dividend on an annualized basis and a dividend yield of ∞. Franco-Nevada's dividend payout ratio is -46.30%.

Insider Transactions at Franco-Nevada

In related news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the company's stock in a transaction dated Monday, September 16th. The shares were 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 purchase, the director now owns 805 shares of the company's stock, valued at C$136,001.53. 0.69% of the stock is currently owned by company insiders.

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.