FY2025 EPS Estimates for Franco-Nevada Lifted by Scotiabank

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) – Equities research analysts at Scotiabank increased their FY2025 earnings per share estimates for shares of Franco-Nevada in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will earn $3.95 per share for the year, up from their prior estimate of $3.65. Scotiabank has a “Sector Perform” rating and a $141.00 price objective on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.22 per share. Scotiabank also issued estimates for Franco-Nevada’s FY2026 earnings at $4.64 EPS.

FNV has been the topic of a number of other reports. Bank of America cut shares of Franco-Nevada from a “buy” rating to a “neutral” rating and dropped their target price for the company from $142.00 to $139.00 in a report on Tuesday, October 1st. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. HC Wainwright decreased their target price on shares of Franco-Nevada from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Jefferies Financial Group reduced their price target on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Finally, UBS Group began coverage on Franco-Nevada in a research note on Monday, November 18th. They set a “buy” rating and a $160.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Franco-Nevada currently has an average rating of “Moderate Buy” and an average price target of $145.33.

Franco-Nevada Stock Up 3.4 %

Shares of Franco-Nevada stock opened at $127.48 on Friday. Franco-Nevada has a 12-month low of $103.64 and a 12-month high of $137.60. The business’s 50 day moving average is $121.32 and its 200-day moving average is $123.49. The stock has a market cap of $24.54 billion, a P/E ratio of -40.34 and a beta of 0.72.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company had revenue of $275.70 million during the quarter, compared to the consensus estimate of $279.11 million. During the same quarter in the previous year, the business earned $0.91 EPS. Franco-Nevada’s revenue was down 10.9% on a year-over-year basis.

Franco-Nevada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, December 5th. Franco-Nevada’s dividend payout ratio is presently -45.57%.

Hedge Funds Weigh In On Franco-Nevada

Institutional investors and hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. boosted its position in shares of Franco-Nevada by 3,333.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 400 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Franco-Nevada in the third quarter valued at $52,000. Erste Asset Management GmbH acquired a new position in shares of Franco-Nevada during the third quarter valued at about $55,000. Birch Capital Management LLC raised its holdings in shares of Franco-Nevada by 37.9% in the 4th quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company’s stock worth $128,000 after acquiring an additional 298 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Franco-Nevada in the 3rd quarter valued at about $147,000. 77.06% of the stock is currently owned by institutional investors.

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.