Q3 2024 EPS Estimates for Franco-Nevada Co. Lowered by Analyst (TSE:FNV)

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Stock analysts at Raymond James reduced their Q3 2024 EPS estimates for shares of Franco-Nevada in a research note issued to investors on Wednesday, August 14th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $1.15 per share for the quarter, down from their previous forecast of $1.19. Raymond James has a “Outperform” rating and a $151.00 price objective on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $4.65 per share. Raymond James also issued estimates for Franco-Nevada’s Q4 2024 earnings at $1.15 EPS and FY2024 earnings at $4.37 EPS.

A number of other equities research analysts have also issued reports on FNV. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday. Eight Capital upped their target price on Franco-Nevada from C$190.00 to C$200.00 and gave the company a “buy” rating in a report on Monday, April 22nd. National Bankshares cut their target price on Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday. CIBC boosted their price target on shares of Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. Finally, BMO Capital Markets upped their price objective on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$192.18.

Franco-Nevada Stock Up 1.2 %

FNV stock opened at C$166.67 on Monday. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The firm has a 50-day moving average of C$167.66 and a two-hundred day moving average of C$162.37. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$198.00. The company has a market cap of C$32.07 billion, a price-to-earnings ratio of -39.97, a PEG ratio of 5.00 and a beta of 0.62.

Insider Transactions at Franco-Nevada

In related news, Senior Officer Adrian Wong sold 530 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$162.20, for a total value of C$85,966.00. In other Franco-Nevada news, Senior Officer Adrian Wong sold 530 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$162.20, for a total value of C$85,966.00. Also, Director Catharine Elizabeth Goddard Farrow sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of C$171.78, for a total transaction of C$3,435,562.00. Following the transaction, the director now owns 301 shares in the company, valued at C$51,705.21. In the last ninety days, insiders sold 33,606 shares of company stock valued at $5,747,182. 0.69% of the stock is currently owned by corporate insiders.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.497 per share. This represents a $1.99 dividend on an annualized basis and a yield of 1.19%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, September 12th. Franco-Nevada’s payout ratio is -47.48%.

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.