Q2 2024 EPS Estimates for Franco-Nevada Co. Boosted by Raymond James (TSE:FNV)

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities researchers at Raymond James raised their Q2 2024 earnings per share estimates for Franco-Nevada in a report released on Tuesday, April 23rd. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $1.15 for the quarter, up from their prior estimate 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 posted its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of C$412.95 million for the quarter.

A number of other research firms have also recently commented on FNV. Veritas Investment Research lifted their target price on Franco-Nevada from C$149.00 to C$173.00 in a research report on Friday, April 12th. Bank of America lifted their price objective on Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Canaccord Genuity Group boosted their price target on Franco-Nevada from C$168.00 to C$177.00 in a research note on Tuesday. Stifel Nicolaus boosted their price target on Franco-Nevada from C$182.00 to C$196.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, Scotiabank decreased their price target on Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$187.50.

Franco-Nevada Stock Up 1.1 %

FNV opened at C$167.97 on Thursday. The business’s 50-day simple moving average is C$156.69 and its 200-day simple moving average is C$157.05. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 41.21. Franco-Nevada has a one year low of C$139.19 and a one year high of C$217.70. The stock has a market capitalization of C$32.28 billion, a P/E ratio of -50.44, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63.

Insider Buying and Selling at Franco-Nevada

In other Franco-Nevada news, Director Paul Brink sold 3,445 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total value of C$547,513.85. In other news, Director Paul Brink sold 3,445 shares of the company’s stock in a transaction on 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 Eaun Harrison Gray sold 330 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total value of C$51,707.70. In the last three months, insiders sold 16,839 shares of company stock worth $2,686,396. Insiders own 0.69% of the company’s stock.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.477 per share. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.47. This represents a $1.91 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, March 13th. Franco-Nevada’s payout ratio is currently -58.86%.

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.