
Franco-Nevada Corporation (NYSE:FNV – Free Report) (TSE:FNV) – Analysts at Scotiabank lowered their FY2026 earnings per share estimates for Franco-Nevada in a research report issued to clients and investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will earn $8.40 per share for the year, down from their prior estimate of $8.43. Scotiabank currently has a “Sector Perform” rating and a $274.00 target price on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $8.23 per share. Scotiabank also issued estimates for Franco-Nevada’s FY2027 earnings at $9.09 EPS.
Franco-Nevada (NYSE:FNV – Get Free Report) (TSE:FNV) last issued its quarterly earnings results on Tuesday, May 12th. The basic materials company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.29. The firm had revenue of $650.70 million during the quarter, compared to analyst estimates of $634.43 million. Franco-Nevada had a return on equity of 18.10% and a net margin of 65.12%.Franco-Nevada’s quarterly revenue was up 76.6% compared to the same quarter last year. During the same period last year, the company earned $1.07 EPS.
View Our Latest Stock Analysis on FNV
Franco-Nevada Stock Down 0.4%
FNV stock opened at $199.97 on Monday. The business’s fifty day simple moving average is $217.89 and its two-hundred day simple moving average is $236.55. Franco-Nevada has a twelve month low of $155.56 and a twelve month high of $285.67. The firm has a market cap of $38.57 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 1.69 and a beta of 0.36.
Institutional Trading of Franco-Nevada
A number of hedge funds have recently bought and sold shares of FNV. Vanguard Group Inc. raised its position in shares of Franco-Nevada by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 8,330,234 shares of the basic materials company’s stock worth $1,726,741,000 after acquiring an additional 113,916 shares in the last quarter. Van ECK Associates Corp boosted its position in Franco-Nevada by 12.8% during the fourth quarter. Van ECK Associates Corp now owns 7,441,133 shares of the basic materials company’s stock valued at $1,542,402,000 after purchasing an additional 842,132 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Franco-Nevada by 26.5% during the fourth quarter. First Eagle Investment Management LLC now owns 5,123,444 shares of the basic materials company’s stock valued at $1,062,037,000 after purchasing an additional 1,074,257 shares in the last quarter. EdgePoint Investment Group Inc. grew its stake in Franco-Nevada by 3.3% in the first quarter. EdgePoint Investment Group Inc. now owns 3,461,224 shares of the basic materials company’s stock valued at $857,196,000 after purchasing an additional 110,222 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Franco-Nevada by 10.2% in the fourth quarter. Royal Bank of Canada now owns 2,808,645 shares of the basic materials company’s stock valued at $582,177,000 after purchasing an additional 260,793 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.
Franco-Nevada Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 11th. Franco-Nevada’s dividend payout ratio (DPR) is presently 24.79%.
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.
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