Raymond James Analysts Boost Earnings Estimates for Franco-Nevada Co. (TSE:FNV)

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Research analysts at Raymond James increased their Q2 2024 earnings per share estimates for Franco-Nevada in a report issued on Tuesday, April 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $1.15 for the quarter, up from their previous forecast of $0.97. Raymond James has a “Outperform” rating and a $138.00 price target on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $4.28 per share. Raymond James also issued estimates for Franco-Nevada’s Q3 2024 earnings at $1.11 EPS and Q4 2024 earnings at $1.11 EPS.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, beating the consensus estimate of C$1.07 by C$0.16. Franco-Nevada had a negative return on equity of 7.65% and a negative net margin of 38.33%. The business had revenue of C$412.95 million during the quarter.

FNV has been the subject of several other reports. Bank of America upped their target price on Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Stifel Nicolaus upped their target price on Franco-Nevada from C$182.00 to C$196.00 and gave the company a “buy” rating in a report on Friday, April 19th. Canaccord Genuity Group upped their target price on Franco-Nevada from C$168.00 to C$177.00 in a report on Tuesday. Veritas Investment Research upped their target price on Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. Finally, BMO Capital Markets reduced their target price on Franco-Nevada from C$200.00 to C$195.00 in a report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$187.50.

Franco-Nevada Trading Down 0.0 %

Shares of TSE FNV opened at C$163.00 on Thursday. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$217.70. The company has a market cap of C$31.33 billion, a price-to-earnings ratio of -48.95, a P/E/G ratio of 5.00 and a beta of 0.63. The company has a quick ratio of 23.26, a current ratio of 41.21 and a debt-to-equity ratio of 1.63. The business has a fifty day simple moving average of C$155.92 and a 200-day simple moving average of C$157.08.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.477 dividend. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.47. This represents a $1.91 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Wednesday, March 13th. Franco-Nevada’s dividend payout ratio is currently -58.86%.

Insider Transactions at Franco-Nevada

In other news, Senior Officer Sandip Rana sold 10,749 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. In other news, Director Paul Brink sold 3,445 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total transaction of C$547,513.85. Also, Senior Officer Sandip Rana sold 10,749 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total value of C$1,722,952.91. Insiders sold 16,839 shares of company stock valued at $2,686,396 in the last three months. Corporate insiders own 0.69% of the company’s stock.

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.