FY2024 EPS Estimates for Franco-Nevada Raised by Analyst

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Stock analysts at National Bank Financial lifted their FY2024 earnings per share estimates for shares of Franco-Nevada in a research note issued on Monday, February 10th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $4.56 per share for the year, up from their previous estimate of $4.55. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. National Bank Financial also issued estimates for Franco-Nevada’s FY2025 earnings at $6.54 EPS.

Several other brokerages also recently commented on FNV. UBS Group raised Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. Stifel Nicolaus lifted their target price on Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. Canaccord Genuity Group cut their target price on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a report on Monday, November 18th. Finally, CIBC lifted their target price on Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$190.80.

Franco-Nevada Trading Down 4.0 %

Shares of FNV opened at C$196.12 on Thursday. The company has a market capitalization of C$26.61 billion, a PE ratio of -42.35, a PEG ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 12 month low of C$140.67 and a 12 month high of C$206.32. The stock’s 50-day moving average price is C$181.99 and its two-hundred day moving average price is C$174.93.

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.