Q2 2024 Earnings Estimate for Franco-Nevada Co. (TSE:FNV) Issued By National Bank Financial

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Research analysts at National Bank Financial issued their Q2 2024 earnings estimates for shares of Franco-Nevada in a research report issued to clients and investors on Thursday, May 2nd. National Bank Financial analyst S. Nagle expects that the company will earn $1.18 per share for the quarter. The consensus estimate for Franco-Nevada’s current full-year earnings is $4.55 per share.

Several other equities analysts have also recently weighed in on the company. BMO Capital Markets cut their price objective on Franco-Nevada from C$207.00 to C$205.00 in a research report on Thursday, May 2nd. Raymond James raised their price objective on shares of Franco-Nevada from C$150.00 to C$151.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. National Bankshares increased their price target on shares of Franco-Nevada from C$190.00 to C$195.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Veritas Investment Research upped their price objective on shares of Franco-Nevada from C$149.00 to C$173.00 in a research report on Friday, April 12th. Finally, Bank of America lifted their target price on Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$191.50.

Franco-Nevada Stock Performance

TSE:FNV opened at C$172.99 on Monday. The company has a current ratio of 29.40, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$215.24. The firm’s fifty day simple moving average is C$160.05 and its 200 day simple moving average is C$155.64. The firm has a market capitalization of C$33.27 billion, a PE ratio of -50.29, a PEG ratio of 5.00 and a beta of 0.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, topping the consensus estimate of C$1.07 by C$0.16. Franco-Nevada had a negative return on equity of 7.75% and a negative net margin of 39.96%. The firm had revenue of C$412.95 million during the quarter.

Insider Activity

In related news, Senior Officer Sandip Rana sold 10,749 shares of Franco-Nevada stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. In other Franco-Nevada news, Senior Officer Sandip Rana sold 10,749 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total value of C$1,722,952.91. Also, Director Paul Brink sold 3,445 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85. In the last quarter, insiders have sold 16,839 shares of company stock worth $2,686,396. Corporate insiders own 0.69% of the company’s stock.

Franco-Nevada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be paid a $0.487 dividend. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.95 annualized dividend and a yield of 1.13%. Franco-Nevada’s payout ratio is currently -57.56%.

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.