Franco-Nevada Co. (TSE:FNV) to Post FY2024 Earnings of $3.94 Per Share, HC Wainwright Forecasts

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Investment analysts at HC Wainwright raised their FY2024 earnings per share estimates for shares of Franco-Nevada in a research report issued to clients and investors on Monday, May 6th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of $3.94 for the year, up from their previous forecast of $2.15. The consensus estimate for Franco-Nevada’s current full-year earnings is $4.55 per share. HC Wainwright also issued estimates for Franco-Nevada’s FY2025 earnings at $4.24 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 (EPS) for the quarter, topping the consensus estimate of C$1.07 by C$0.16. Franco-Nevada had a negative return on equity of 7.75% and a negative net margin of 39.96%. The business had revenue of C$412.95 million for the quarter.

Other research analysts have also issued reports about the company. Eight Capital lifted their target price on Franco-Nevada from C$190.00 to C$200.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Stifel Nicolaus lifted their target price on Franco-Nevada from C$182.00 to C$196.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Canaccord Genuity Group lifted their target price on Franco-Nevada from C$168.00 to C$177.00 in a report on Tuesday, April 23rd. BMO Capital Markets reduced their target price on Franco-Nevada from C$207.00 to C$205.00 in a report on Thursday, May 2nd. Finally, Scotiabank reduced their target price on Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating on the stock in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$191.50.

Franco-Nevada Stock Performance

FNV stock opened at C$173.52 on Thursday. The business’s 50-day moving average price is C$160.05 and its two-hundred day moving average price is C$155.64. The company has a current ratio of 29.40, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The firm has a market cap of C$33.37 billion, a PE ratio of -50.44, a P/E/G ratio of 5.00 and a beta of 0.63. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$215.24.

Insider Activity

In related news, Director Jacques Perron purchased 290 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average cost of C$173.05 per share, for a total transaction of C$50,184.50. Following the completion of the purchase, the director now owns 983 shares in the company, valued at approximately C$170,108.15. In related news, Director Jacques Perron purchased 290 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average cost of C$173.05 per share, for a total transaction of C$50,184.50. Following the completion of the purchase, the director now owns 983 shares in the company, valued at approximately C$170,108.15. Also, Senior Officer Sandip Rana sold 10,749 shares of the company’s stock in a transaction on 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. Over the last quarter, insiders have sold 16,839 shares of company stock valued at $2,686,396. 0.69% of the stock is owned by insiders.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be given a $0.487 dividend. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.48. The ex-dividend date is Wednesday, June 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.12%. Franco-Nevada’s dividend payout ratio is presently -57.56%.

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.