Analysts Offer Predictions for Franco-Nevada Co.’s FY2021 Earnings (TSE:FNV)

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Stock analysts at Raymond James lifted their FY2021 earnings estimates for Franco-Nevada in a research report issued on Tuesday, June 8th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $4.31 for the year, up from their previous forecast of $4.27. Raymond James has a “Outperform” rating and a $209.00 price objective on the stock. Raymond James also issued estimates for Franco-Nevada’s Q4 2021 earnings at $1.04 EPS, Q1 2022 earnings at $1.00 EPS, Q2 2022 earnings at $1.04 EPS and FY2022 earnings at $4.36 EPS.

A number of other equities analysts also recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a C$165.00 price objective on shares of Franco-Nevada in a report on Thursday, May 6th. BMO Capital Markets raised their target price on Franco-Nevada from C$193.00 to C$195.00 and gave the company a “na” rating in a research note on Tuesday, April 20th. Bank of America raised their target price on Franco-Nevada from C$188.00 to C$193.00 and gave the company a “na” rating in a research note on Monday, March 15th. National Bankshares raised their target price on Franco-Nevada from C$195.00 to C$200.00 and gave the company a “sector perform” rating in a research note on Thursday, May 20th. Finally, CIBC reiterated an “outperform” rating and issued a C$230.00 target price on shares of Franco-Nevada in a research note on Tuesday, April 20th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$199.25.

Franco-Nevada stock opened at C$187.31 on Thursday. The firm has a market capitalization of C$35.78 billion and a P/E ratio of 49.64. The stock has a fifty day simple moving average of C$176.42. The company has a current ratio of 16.39, a quick ratio of 15.52 and a debt-to-equity ratio of 1.63. Franco-Nevada has a 12 month low of C$133.63 and a 12 month high of C$222.15.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings data on Wednesday, May 5th. The company reported C$1.06 EPS for the quarter, topping analysts’ consensus estimates of C$1.00 by C$0.06. The business had revenue of C$391.19 million during the quarter, compared to analyst estimates of C$388.09 million.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 24th. Investors of record on Thursday, June 10th will be paid a dividend of $0.668 per share. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.33. This represents a $2.67 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Wednesday, June 9th. Franco-Nevada’s payout ratio is currently 20.67%.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Latin America, Canada, Australia, Europe, and Africa, and internationally. It operates through two segment, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids.

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Earnings History and Estimates for Franco-Nevada (TSE:FNV)

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