Analysts Issue Forecasts for Franco-Nevada FY2027 Earnings

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) – Equities researchers at Scotiabank decreased their FY2027 earnings estimates for Franco-Nevada in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will earn $8.72 per share for the year, down from their previous forecast of $9.09. Scotiabank currently has a “Sector Perform” rating and a $274.00 target price on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $7.60 per share.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Tuesday, August 11th. The basic materials company reported $1.81 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.14). The firm had revenue of $580.90 million for the quarter, compared to the consensus estimate of $616.66 million. Franco-Nevada had a net margin of 63.79% and a return on equity of 18.58%. The business’s revenue was up 57.3% compared to the same quarter last year. During the same period last year, the company posted $1.24 EPS.

FNV has been the topic of a number of other reports. National Bank Financial upgraded Franco-Nevada from a “sector perform” rating to an “outperform” rating in a report on Wednesday, May 13th. Zacks Research upgraded shares of Franco-Nevada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. TD Cowen raised shares of Franco-Nevada from a “hold” rating to a “buy” rating and cut their target price for the stock from $292.00 to $291.00 in a research note on Wednesday, May 20th. Weiss Ratings cut shares of Franco-Nevada from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Finally, Royal Bank Of Canada dropped their price objective on shares of Franco-Nevada from $295.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Franco-Nevada currently has an average rating of “Moderate Buy” and a consensus price target of $273.40.

Franco-Nevada Price Performance

NYSE FNV opened at $258.48 on Friday. The business has a 50 day simple moving average of $218.45 and a 200 day simple moving average of $234.83. Franco-Nevada has a one year low of $178.01 and a one year high of $285.67. The stock has a market capitalization of $49.85 billion, a P/E ratio of 33.79, a P/E/G ratio of 2.29 and a beta of 0.35.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. Franco-Nevada’s payout ratio is presently 23.01%.

Hedge Funds Weigh In On Franco-Nevada

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Franco-Nevada by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 8,330,234 shares of the basic materials company’s stock valued at $1,726,741,000 after purchasing an additional 113,916 shares in the last quarter. Van ECK Associates Corp grew its holdings in Franco-Nevada by 12.8% during the fourth quarter. Van ECK Associates Corp now owns 7,441,133 shares of the basic materials company’s stock worth $1,542,402,000 after buying an additional 842,132 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Franco-Nevada by 26.5% during the fourth quarter. First Eagle Investment Management LLC now owns 5,123,444 shares of the basic materials company’s stock worth $1,062,037,000 after buying an additional 1,074,257 shares in the last quarter. EdgePoint Investment Group Inc. raised its position in Franco-Nevada by 3.3% in the 1st quarter. EdgePoint Investment Group Inc. now owns 3,461,224 shares of the basic materials company’s stock valued at $857,196,000 after buying an additional 110,222 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Franco-Nevada by 10.2% during the 4th quarter. Royal Bank of Canada now owns 2,808,645 shares of the basic materials company’s stock valued at $582,177,000 after acquiring an additional 260,793 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

About Franco-Nevada

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.