Franco-Nevada Co. Forecasted to Earn Q2 2024 Earnings of $1.18 Per Share (TSE:FNV)

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – National Bank Financial issued their Q2 2024 earnings estimates for shares of Franco-Nevada in a research note issued on Thursday, May 2nd. National Bank Financial analyst S. Nagle anticipates that the company will post earnings of $1.18 per share for the quarter. The consensus estimate for Franco-Nevada’s current full-year earnings is $4.55 per share.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 EPS for the quarter, beating analysts’ consensus estimates of C$1.07 by C$0.16. Franco-Nevada had a negative net margin of 39.96% and a negative return on equity of 7.75%. The firm had revenue of C$412.95 million during the quarter.

FNV has been the subject of several other reports. Canaccord Genuity Group boosted their price target on shares of Franco-Nevada from C$168.00 to C$177.00 in a research note on Tuesday, April 23rd. Raymond James boosted their price objective on shares of Franco-Nevada from C$150.00 to C$151.00 and gave the company an “outperform” rating in a research report on Friday. National Bankshares boosted their price objective on shares of Franco-Nevada from C$190.00 to C$195.00 and gave the company a “sector perform” rating in a research report on Friday. BMO Capital Markets decreased their price objective on shares of Franco-Nevada from C$207.00 to C$205.00 in a research report on Thursday. Finally, Bank of America boosted their price objective on shares of Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. 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 currently has an average rating of “Moderate Buy” and an average price target of C$191.50.

Franco-Nevada Stock Performance

Franco-Nevada stock opened at C$168.57 on Monday. The company has a quick ratio of 23.26, a current ratio of 29.40 and a debt-to-equity ratio of 1.63. The company has a market capitalization of C$32.42 billion, a PE ratio of -49.00, a P/E/G ratio of 5.00 and a beta of 0.63. The firm has a fifty day simple moving average of C$158.87 and a two-hundred day simple moving average of C$155.88. Franco-Nevada has a twelve month low of C$139.19 and a twelve month high of C$217.70.

Insiders Place Their Bets

In other Franco-Nevada news, Senior Officer Eaun Harrison Gray sold 330 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$156.69, for a total value of C$51,707.70. In other news, Senior Officer Sandip Rana sold 10,749 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$160.29, for a total value of C$1,722,952.91. Also, Senior Officer Eaun Harrison Gray sold 330 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total transaction of C$51,707.70. Over the last quarter, insiders have sold 16,839 shares of company stock worth $2,686,396. 0.69% of the stock is currently owned by company insiders.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be issued a $0.487 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, June 13th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.48. Franco-Nevada’s dividend payout ratio is -57.56%.

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.