Raymond James Has Negative View of Franco-Nevada Q4 Earnings

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) – Investment analysts at Raymond James reduced their Q4 2024 earnings estimates for shares of Franco-Nevada in a research report issued to clients and investors on Thursday, November 7th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings of $0.81 per share for the quarter, down from their previous estimate of $0.92. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.25 per share. Raymond James also issued estimates for Franco-Nevada’s Q2 2025 earnings at $0.88 EPS, Q3 2025 earnings at $0.96 EPS and FY2025 earnings at $3.68 EPS.

A number of other equities research analysts also recently issued reports on the stock. Bank of America downgraded shares of Franco-Nevada from a “buy” rating to a “neutral” rating and reduced their price target for the company from $142.00 to $139.00 in a research note on Tuesday, October 1st. TD Cowen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Jefferies Financial Group cut their price target on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. HC Wainwright raised their price objective on shares of Franco-Nevada from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Franco-Nevada has an average rating of “Moderate Buy” and a consensus price target of $156.57.

Franco-Nevada Trading Down 2.4 %

Shares of FNV opened at $114.95 on Monday. The firm has a market cap of $22.13 billion, a P/E ratio of -36.38, a price-to-earnings-growth ratio of 20.59 and a beta of 0.75. The company’s 50-day moving average price is $126.49 and its 200 day moving average price is $124.12. Franco-Nevada has a 12-month low of $102.29 and a 12-month high of $137.60.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.03). The business had revenue of $275.70 million for the quarter, compared to analyst estimates of $279.11 million. Franco-Nevada had a positive return on equity of 10.63% and a negative net margin of 55.28%. Franco-Nevada’s revenue was down 10.9% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS.

Franco-Nevada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.44 annualized dividend and a dividend yield of 1.25%. Franco-Nevada’s dividend payout ratio (DPR) is currently -45.57%.

Hedge Funds Weigh In On Franco-Nevada

Several large investors have recently bought and sold shares of FNV. Mechanics Financial Corp boosted its position in shares of Franco-Nevada by 150.0% during the 2nd quarter. Mechanics Financial Corp now owns 250 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 150 shares in the last quarter. Mather Group LLC. purchased a new position in Franco-Nevada in the second quarter valued at approximately $33,000. Kings Path Partners LLC acquired a new stake in Franco-Nevada during the second quarter worth approximately $36,000. Sunbelt Securities Inc. lifted its position in shares of Franco-Nevada by 3,333.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company’s stock worth $49,000 after buying an additional 400 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of Franco-Nevada by 33.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 440 shares of the basic materials company’s stock valued at $52,000 after buying an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

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.