FY2025 EPS Estimates for Franco-Nevada Lifted by Scotiabank

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) – Equities research analysts at Scotiabank increased their FY2025 earnings estimates for Franco-Nevada in a research note issued on Tuesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings per share of $4.75 for the year, up from their previous estimate of $4.67. Scotiabank currently has a “Sector Perform” rating and a $169.00 price objective on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.09 per share. Scotiabank also issued estimates for Franco-Nevada’s FY2026 earnings at $4.98 EPS.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.00 by $0.07. The firm had revenue of $368.40 million for the quarter, compared to the consensus estimate of $328.79 million. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The business’s revenue was up 43.5% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share.

Several other research firms also recently commented on FNV. CIBC reissued an “outperform” rating on shares of Franco-Nevada in a research note on Tuesday. HC Wainwright restated a “buy” rating and set a $195.00 target price (up previously from $180.00) on shares of Franco-Nevada in a report on Wednesday, May 28th. UBS Group boosted their target price on shares of Franco-Nevada from $205.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, July 3rd. National Bankshares restated a “sector perform” rating on shares of Franco-Nevada in a report on Tuesday, June 24th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Franco-Nevada in a report on Wednesday, May 28th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $172.13.

Franco-Nevada Trading Up 0.8%

Shares of FNV stock traded up $1.25 during trading hours on Friday, hitting $155.83. 59,905 shares of the company’s stock were exchanged, compared to its average volume of 847,087. The company has a market capitalization of $30.02 billion, a PE ratio of 48.70, a PEG ratio of 2.14 and a beta of 0.41. Franco-Nevada has a 12-month low of $112.70 and a 12-month high of $179.99. The business’s 50 day simple moving average is $164.95 and its 200-day simple moving average is $152.90.

Hedge Funds Weigh In On Franco-Nevada

Several hedge funds and other institutional investors have recently bought and sold shares of FNV. Norges Bank bought a new position in Franco-Nevada during the 4th quarter valued at about $237,643,000. EdgePoint Investment Group Inc. increased its position in shares of Franco-Nevada by 49.9% during the 4th quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company’s stock valued at $582,100,000 after purchasing an additional 1,650,358 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Franco-Nevada by 198.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,705,489 shares of the basic materials company’s stock valued at $268,280,000 after purchasing an additional 1,133,373 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Franco-Nevada by 246.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,164,394 shares of the basic materials company’s stock valued at $136,796,000 after purchasing an additional 828,166 shares during the last quarter. Finally, Capital World Investors increased its position in shares of Franco-Nevada by 9.8% during the 4th quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company’s stock valued at $934,106,000 after purchasing an additional 711,591 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, June 12th. Franco-Nevada’s dividend payout ratio is currently 47.50%.

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.