Stifel Canada Expects Stronger Earnings for Franco-Nevada

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities research analysts at Stifel Canada upped their FY2024 earnings per share estimates for shares of Franco-Nevada in a research report issued to clients and investors on Monday, October 21st. Stifel Canada analyst I. Rico now anticipates that the company will post earnings of $4.77 per share for the year, up from their previous forecast of $4.55. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. Stifel Canada also issued estimates for Franco-Nevada’s FY2025 earnings at $6.02 EPS and FY2026 earnings at $5.73 EPS.

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

A number of other research firms have also issued reports on FNV. Stifel Nicolaus lifted their target price on Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. CIBC boosted their price objective on Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. Canaccord Genuity Group raised their target price on shares of Franco-Nevada from C$177.00 to C$190.00 in a report on Tuesday, July 23rd. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, National Bankshares reduced their price objective on shares of Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$192.80.

Franco-Nevada Price Performance

Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$190.74. The stock has a 50 day simple moving average of C$169.34 and a two-hundred day simple moving average of C$168.20. 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 firm has a market capitalization of C$36.27 billion, a P/E ratio of -45.05, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68.

Insider Transactions at Franco-Nevada

In other news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were purchased 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 directly owns 805 shares of the company’s stock, valued at C$136,001.53. Insiders own 0.69% of the company’s stock.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were issued a dividend of $0.497 per share. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.49. The ex-dividend date was Thursday, September 12th. This represents a $1.99 annualized dividend and a dividend yield of ?. Franco-Nevada’s dividend payout ratio (DPR) is presently -46.30%.

Franco-Nevada Company Profile

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.