Franco-Nevada Co. (TSE:FNV) to Post FY2024 Earnings of $3.94 Per Share, HC Wainwright Forecasts

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – HC Wainwright boosted their FY2024 earnings per share (EPS) estimates for Franco-Nevada in a report released on Monday, May 6th. HC Wainwright analyst H. Ihle now forecasts that the company will earn $3.94 per share for the year, up from their previous forecast of $2.15. The consensus estimate for Franco-Nevada’s current full-year earnings is $4.55 per share. HC Wainwright also issued estimates for Franco-Nevada’s FY2025 earnings at $4.24 EPS.

Other analysts have also issued research reports about the company. Canaccord Genuity Group increased their price objective on Franco-Nevada from C$168.00 to C$177.00 in a research note on Tuesday, April 23rd. Veritas Investment Research increased their price objective on Franco-Nevada from C$149.00 to C$173.00 in a research note on Friday, April 12th. Bank of America raised their price target on Franco-Nevada from C$186.00 to C$190.00 in a research note on Tuesday, April 9th. Stifel Nicolaus raised their price target on 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, Raymond James raised their price target on Franco-Nevada from C$150.00 to C$151.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$191.50.

Franco-Nevada Stock Up 0.3 %

Franco-Nevada stock opened at C$173.52 on Thursday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.40. The firm has a market capitalization of C$33.37 billion, a price-to-earnings ratio of -50.44, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63. Franco-Nevada has a fifty-two week low of C$139.19 and a fifty-two week high of C$215.24. The stock’s fifty day moving average is C$160.05 and its two-hundred day moving average is C$155.64.

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

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders 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 dividend yield of 1.12%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Wednesday, June 12th. Franco-Nevada’s dividend payout ratio (DPR) is -57.56%.

Insider Transactions at Franco-Nevada

In other news, Senior Officer Sandip Rana sold 10,749 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total value of C$1,722,952.91. In related news, Director Jacques Perron bought 290 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average cost of C$173.05 per share, for a total transaction of C$50,184.50. Following the acquisition, the director now owns 983 shares in the company, valued at approximately C$170,108.15. Also, Senior Officer Sandip Rana sold 10,749 shares of the firm’s stock in a transaction dated 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. Insiders have sold a total of 16,839 shares of company stock worth $2,686,396 in the last three months. 0.69% of the stock is currently owned by company insiders.

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.