Q2 2024 EPS Estimates for Franco-Nevada Co. Boosted by Raymond James (TSE:FNV)

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Research analysts at Raymond James raised their Q2 2024 EPS estimates for shares of Franco-Nevada in a note issued to investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $1.15 for the quarter, up from their prior forecast of $0.97. Raymond James currently has a “Outperform” rating and a $138.00 price objective on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $4.28 per share. Raymond James also issued estimates for Franco-Nevada’s Q3 2024 earnings at $1.11 EPS and Q4 2024 earnings at $1.11 EPS.

Other research analysts also recently issued research reports about the stock. National Bankshares dropped their price objective on shares of Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating on the stock in a report on Thursday, March 7th. BMO Capital Markets lowered their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Wednesday, March 6th. Scotiabank decreased their price objective on shares of Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 7th. Stifel Nicolaus upped their price objective on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, Veritas Investment Research upped their target price on shares of Franco-Nevada from C$149.00 to C$173.00 in a research report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$187.50.

Franco-Nevada Stock Up 1.1 %

Franco-Nevada stock opened at C$167.97 on Thursday. The firm has a market cap of C$32.28 billion, a price-to-earnings ratio of -50.44, a P/E/G ratio of 5.00 and a beta of 0.63. The company has a debt-to-equity ratio of 1.63, a current ratio of 41.21 and a quick ratio of 23.26. Franco-Nevada has a fifty-two week low of C$139.19 and a fifty-two week high of C$217.70. The firm has a fifty day moving average price of C$156.69 and a two-hundred day moving average price of C$157.05.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings data on Tuesday, March 5th. The company reported C$1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.07 by C$0.16. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. The business had revenue of C$412.95 million during the quarter.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.477 dividend. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.47. This represents a $1.91 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, March 13th. Franco-Nevada’s dividend payout ratio is currently -58.86%.

Insider Activity at Franco-Nevada

In related news, Director Paul Brink sold 3,445 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85. In other Franco-Nevada news, Director Paul Brink sold 3,445 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85. Also, Senior Officer Eaun Harrison Gray sold 330 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$156.69, for a total transaction of C$51,707.70. Insiders have sold 16,839 shares of company stock worth $2,686,396 over the last ninety days. Company insiders own 0.69% of the company’s stock.

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.