Stifel Canada Forecasts Franco-Nevada Q3 Earnings

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Stifel Canada issued their Q3 2024 earnings per share (EPS) estimates for Franco-Nevada in a report issued on Monday, October 21st. Stifel Canada analyst I. Rico expects that the company will post earnings per share of $1.17 for the quarter. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share.

FNV has been the topic of a number of other research reports. Stifel Nicolaus lifted their target price on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday. BMO Capital Markets lifted their price target on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. CIBC upped their price objective on shares of Franco-Nevada from C$250.00 to C$265.00 in a report on Wednesday, July 10th. National Bankshares lowered their price objective on shares of Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. Finally, Canaccord Genuity Group upped their price target on Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Franco-Nevada has a consensus rating of “Moderate Buy” and a consensus target price of C$192.80.

Franco-Nevada Stock Up 2.4 %

FNV stock opened at C$187.92 on Wednesday. Franco-Nevada has a one year low of C$139.19 and a one year high of C$193.01. The firm has a market cap of C$36.16 billion, a PE ratio of -44.85, a PEG ratio of 5.00 and a beta of 0.68. The firm’s 50 day moving average price is C$168.34 and its 200-day moving average price is C$167.81. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly 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). Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. The firm had revenue of C$355.88 million for the quarter.

Insider Buying and Selling at Franco-Nevada

In other news, Director Nicholas Hugo Housby Dryland bought 805 shares of the stock in a transaction on Monday, September 16th. The shares were bought at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the completion of the acquisition, the director now owns 805 shares of the company’s stock, valued at approximately C$136,001.53. 0.69% of the stock is owned by corporate insiders.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a $0.497 dividend. This is a boost 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 yield of 1.06%. Franco-Nevada’s dividend payout ratio 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.