Franco-Nevada FY2024 EPS Estimate Increased by HC Wainwright

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – HC Wainwright raised their FY2024 EPS estimates for shares of Franco-Nevada in a research report issued on Friday, December 20th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of $4.04 per share for the year, up from their previous 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.

FNV has been the subject of several other research reports. CIBC upped their price target on shares of Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Canaccord Genuity Group decreased their price objective on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research report on Monday, November 18th. UBS Group raised Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. Finally, Stifel Nicolaus increased their price target on Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$190.80.

Franco-Nevada Stock Up 1.1 %

FNV opened at C$170.67 on Monday. The stock has a market capitalization of C$32.84 billion, a P/E ratio of -40.73, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. Franco-Nevada has a one year low of C$140.59 and a one year high of C$191.17. The business’s 50-day simple moving average is C$173.93 and its 200-day simple moving average is 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 business also recently announced 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. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.95 annualized dividend and a yield of 1.14%. Franco-Nevada’s payout ratio is currently -46.30%.

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.