Franco-Nevada FY2025 EPS Forecast Decreased by Scotiabank

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) – Equities researchers at Scotiabank lowered their FY2025 EPS estimates for Franco-Nevada in a report issued on Friday, January 30th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings per share of $5.45 for the year, down from their prior estimate of $5.61. Scotiabank has a “Sector Perform” rating and a $283.00 price target on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.09 per share.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Monday, November 3rd. The basic materials company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.06. Franco-Nevada had a return on equity of 13.94% and a net margin of 59.48%.The company had revenue of $487.70 million during the quarter, compared to the consensus estimate of $448.51 million. During the same period in the previous year, the firm posted $0.80 EPS. Franco-Nevada’s revenue was up 76.9% on a year-over-year basis.

FNV has been the topic of a number of other reports. Zacks Research lowered Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Raymond James Financial increased their price objective on shares of Franco-Nevada from $218.00 to $234.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. UBS Group restated a “buy” rating and issued a $310.00 target price on shares of Franco-Nevada in a report on Friday. Bank of America upped their price target on shares of Franco-Nevada from $211.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $228.00 price target on shares of Franco-Nevada in a research note on Sunday, December 7th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $245.00.

Franco-Nevada Stock Up 2.5%

FNV stock opened at $238.84 on Monday. The stock has a market capitalization of $46.05 billion, a price-to-earnings ratio of 50.07, a price-to-earnings-growth ratio of 1.25 and a beta of 0.47. Franco-Nevada has a 52-week low of $137.05 and a 52-week high of $273.55. The stock’s fifty day simple moving average is $223.31 and its 200-day simple moving average is $202.67.

Hedge Funds Weigh In On Franco-Nevada

A number of hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in Franco-Nevada in the 2nd quarter valued at about $460,218,000. Mackenzie Financial Corp lifted its stake in shares of Franco-Nevada by 76.0% in the third quarter. Mackenzie Financial Corp now owns 2,363,324 shares of the basic materials company’s stock worth $525,925,000 after acquiring an additional 1,020,509 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in Franco-Nevada by 26.4% in the third quarter. First Eagle Investment Management LLC now owns 4,049,187 shares of the basic materials company’s stock valued at $901,092,000 after purchasing an additional 846,950 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Franco-Nevada by 35.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,220,029 shares of the basic materials company’s stock valued at $528,289,000 after purchasing an additional 838,853 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in Franco-Nevada during the 2nd quarter worth approximately $80,621,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, March 12th. Franco-Nevada’s dividend payout ratio is presently 31.87%.

About Franco-Nevada

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.