Franco-Nevada Co. (TSE:FNV) Forecasted to Post FY2024 Earnings of $4.30 Per Share

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities research analysts at Raymond James boosted their FY2024 earnings estimates for Franco-Nevada in a research report issued on Tuesday, April 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $4.30 for the year, up from their previous estimate of $3.77. Raymond James has a “Outperform” rating and a $138.00 price target on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $4.28 per share.

FNV has been the subject of several other research reports. Canaccord Genuity Group increased their target price on shares of Franco-Nevada from C$168.00 to C$177.00 in a research note on Tuesday. Veritas Investment Research increased their target price on shares of Franco-Nevada from C$149.00 to C$173.00 in a research note on Friday, April 12th. National Bankshares lowered their target price on shares of Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating for the company in a research note on Thursday, March 7th. Eight Capital raised their price objective on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, BMO Capital Markets lowered their price objective on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Franco-Nevada has an average rating of “Moderate Buy” and an average price target of C$187.50.

Franco-Nevada Trading Up 1.1 %

Shares of FNV stock opened at C$167.97 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 41.21 and a quick ratio of 23.26. The firm has a market cap of C$32.28 billion, a PE ratio of -50.44, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63. The company has a 50-day moving average of C$156.69 and a two-hundred day moving average of C$157.05. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$217.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, topping the consensus estimate of C$1.07 by C$0.16. The company had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%.

Insider Buying and Selling

In related news, Director Paul Brink sold 3,445 shares of Franco-Nevada stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85. In related news, Director Paul Brink sold 3,445 shares of Franco-Nevada stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85. 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 sold 16,839 shares of company stock worth $2,686,396 over the last 90 days. 0.69% of the stock is owned by insiders.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.477 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.91 dividend on an annualized basis and a yield of 1.14%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.47. Franco-Nevada’s payout ratio is currently -58.86%.

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.