Franco-Nevada Co. to Post Q2 2024 Earnings of $0.81 Per Share, Stifel Canada Forecasts (NYSE:FNV)

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) – Investment analysts at Stifel Canada issued their Q2 2024 earnings estimates for Franco-Nevada in a note issued to investors on Thursday, July 18th. Stifel Canada analyst I. Rico forecasts that the basic materials company will post earnings of $0.81 per share for the quarter. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.27 per share. Stifel Canada also issued estimates for Franco-Nevada’s FY2025 earnings at $3.65 EPS and FY2026 earnings at $3.40 EPS.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. Franco-Nevada had a negative net margin of 39.88% and a positive return on equity of 10.81%. The company had revenue of $256.80 million for the quarter, compared to analyst estimates of $250.50 million. During the same period in the prior year, the business earned $0.79 earnings per share. Franco-Nevada’s quarterly revenue was down 7.1% on a year-over-year basis.

A number of other equities analysts have also issued reports on FNV. Jefferies Financial Group upped their target price on shares of Franco-Nevada from $129.00 to $133.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. Bank of America upped their target price on shares of Franco-Nevada from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. HC Wainwright upped their target price on shares of Franco-Nevada from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Scotiabank increased their price objective on shares of Franco-Nevada from $140.00 to $141.00 and gave the company a “sector perform” rating in a report on Thursday, May 23rd. Finally, Raymond James increased their price objective on shares of Franco-Nevada from $138.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $152.33.

Franco-Nevada Trading Up 0.5 %

Shares of FNV stock opened at $124.88 on Monday. Franco-Nevada has a 1 year low of $102.29 and a 1 year high of $148.74. The firm’s 50 day moving average is $122.27 and its 200-day moving average is $117.04. The firm has a market capitalization of $24.03 billion, a price-to-earnings ratio of -50.15, a PEG ratio of 20.73 and a beta of 0.74.

Institutional Investors Weigh In On Franco-Nevada

Large investors have recently bought and sold shares of the company. Mather Group LLC. bought a new stake in Franco-Nevada in the second quarter valued at approximately $33,000. Creative Financial Designs Inc. ADV bought a new stake in Franco-Nevada in the fourth quarter valued at approximately $34,000. Allworth Financial LP increased its stake in Franco-Nevada by 5,750.0% in the fourth quarter. Allworth Financial LP now owns 351 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 345 shares in the last quarter. Fortis Group Advisors LLC increased its stake in Franco-Nevada by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 352 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 176 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in Franco-Nevada by 37.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 440 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, June 13th. Franco-Nevada’s payout ratio is presently -57.83%.

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.