Analysts Set Expectations for Franco-Nevada Co.’s Q2 2024 Earnings (TSE:FNV)

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities research analysts at National Bank Financial issued their Q2 2024 earnings per share (EPS) estimates for Franco-Nevada in a research note issued to investors on Thursday, May 2nd. National Bank Financial analyst S. Nagle anticipates that the company will earn $1.18 per share for the quarter. The consensus estimate for Franco-Nevada’s current full-year earnings is $4.55 per share.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.07 by C$0.16. Franco-Nevada had a negative net margin of 39.96% and a negative return on equity of 7.75%. The firm had revenue of C$412.95 million during the quarter.

A number of other analysts also recently weighed in on FNV. Raymond James increased their target price on shares of Franco-Nevada from C$150.00 to C$151.00 and gave the company an “outperform” rating in a research report on Friday. Veritas Investment Research boosted their target price on shares of Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. BMO Capital Markets decreased their price target on Franco-Nevada from C$207.00 to C$205.00 in a report on Thursday, May 2nd. Bank of America upped their target price on Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. Finally, National Bankshares lifted their target price on Franco-Nevada from C$190.00 to C$195.00 and gave the stock a “sector perform” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$191.50.

Franco-Nevada Trading Up 2.3 %

TSE FNV opened at C$172.49 on Monday. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$215.24. 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 capitalization of C$33.17 billion, a PE ratio of -50.14, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63. The business’s 50-day moving average price is C$159.43 and its two-hundred day moving average price is C$155.76.

Insider Buying and Selling

In other Franco-Nevada news, Senior Officer Eaun Harrison Gray sold 330 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total transaction of C$51,707.70. In other Franco-Nevada news, Senior Officer Sandip Rana sold 10,749 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total value of C$1,722,952.91. Also, Senior Officer Eaun Harrison Gray sold 330 shares of Franco-Nevada stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total transaction of C$51,707.70. Insiders have sold 16,839 shares of company stock worth $2,686,396 in the last quarter. Insiders own 0.69% of the company’s stock.

Franco-Nevada Increases Dividend

The firm 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 dividend of $0.487 per share. The ex-dividend date is Thursday, June 13th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.48. This represents a $1.95 annualized dividend and a dividend yield of 1.13%. Franco-Nevada’s payout ratio is presently -57.56%.

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.