Stifel Canada Comments on Franco-Nevada Q3 Earnings

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities research analysts at Stifel Canada issued their Q3 2024 earnings per share estimates for shares of Franco-Nevada in a report released on Monday, October 21st. Stifel Canada analyst I. Rico forecasts that the company will earn $1.17 per share for the quarter. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings data on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing the consensus estimate of C$1.07 by C($0.04). Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. The company had revenue of C$355.88 million during the quarter.

A number of other research analysts have also issued reports on FNV. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Canaccord Genuity Group raised their price objective on Franco-Nevada from C$177.00 to C$190.00 in a report on Tuesday, July 23rd. Stifel Nicolaus raised their target price on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday. CIBC raised their target price on Franco-Nevada from C$250.00 to C$265.00 in a research note on Wednesday, July 10th. Finally, BMO Capital Markets raised their price objective on Franco-Nevada from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$192.80.

Franco-Nevada Trading Down 0.2 %

Franco-Nevada stock opened at C$188.11 on Wednesday. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$193.01. The firm has a market cap of C$36.20 billion, a PE ratio of -44.89, a P/E/G ratio of 5.00 and a beta of 0.68. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The stock’s 50 day simple moving average is C$168.86 and its two-hundred day simple moving average is C$168.01.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a dividend of $0.497 per share. This represents a $1.99 dividend on an annualized basis and a yield of 1.06%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Thursday, September 12th. Franco-Nevada’s dividend payout ratio (DPR) is -46.30%.

Insider Activity at Franco-Nevada

In related news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was acquired at an average price of C$168.95 per share, for a total transaction of C$136,001.53. Following the purchase, the director now owns 805 shares of the company’s stock, valued at C$136,001.53. 0.69% of the stock is currently owned by company insiders.

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.