Franco-Nevada FY2024 EPS Estimate Raised by HC Wainwright

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – HC Wainwright increased their FY2024 earnings per share estimates for shares of Franco-Nevada in a note issued to investors on Friday, December 20th. HC Wainwright analyst H. Ihle now anticipates that the company will earn $4.04 per share for the year, up from their prior estimate of $3.86. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. HC Wainwright also issued estimates for Franco-Nevada’s FY2025 earnings at $5.29 EPS.

A number of other analysts have also commented on FNV. Canaccord Genuity Group decreased their price objective on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a research note on Monday, November 18th. UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. CIBC boosted their price objective on shares of Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Finally, Stifel Nicolaus raised their target price on shares of Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Franco-Nevada currently has a consensus rating of “Buy” and an average target price of C$190.80.

Franco-Nevada Stock Performance

Franco-Nevada stock opened at C$170.67 on Monday. Franco-Nevada has a fifty-two week low of C$140.59 and a fifty-two week high of C$191.17. The company has a market capitalization of C$32.84 billion, a price-to-earnings ratio of -40.73, a PEG ratio of 5.00 and a beta of 0.68. The stock has a fifty day moving average of C$173.93 and a two-hundred day moving average of C$169.63. 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 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.487 per share. This represents a $1.95 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, December 5th. Franco-Nevada’s dividend payout ratio (DPR) 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.