Scotiabank Brokers Cut Earnings Estimates for Franco-Nevada

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities researchers at Scotiabank lowered their FY2026 EPS estimates for Franco-Nevada in a report issued on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings per share of $11.70 for the year, down from their prior estimate of $11.80. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. Scotiabank also issued estimates for Franco-Nevada’s FY2027 earnings at $12.04 EPS.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings results on Tuesday, August 11th. The company reported C$2.57 earnings per share for the quarter. Franco-Nevada had a return on equity of 18.95% and a net margin of 63.83%.The company had revenue of C$825.33 million during the quarter.

Several other research firms have also commented on FNV. National Bank Financial upgraded Franco-Nevada from a “hold” rating to a “strong-buy” rating and upped their target price for the company from C$410.00 to C$420.00 in a research note on Wednesday, May 13th. Stifel Nicolaus raised their price target on Franco-Nevada from C$380.00 to C$390.00 in a research note on Friday, July 17th. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, TD Securities raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. Three research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Strong Buy” and a consensus target price of C$356.56.

Franco-Nevada Stock Up 2.2%

FNV stock opened at C$374.01 on Monday. Franco-Nevada has a 52-week low of C$252.72 and a 52-week high of C$388.22. The stock’s fifty day simple moving average is C$309.78 and its 200-day simple moving average is C$325.78. The stock has a market capitalization of C$72.14 billion, a price-to-earnings ratio of 48.89, a price-to-earnings-growth ratio of 5.00 and a beta of 0.96.

Insider Activity

In other news, insider Sandip Rana sold 5,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of C$364.37, for a total transaction of C$1,821,850.00. Following the completion of the sale, the insider directly owned 60,274 shares of the company’s stock, valued at C$21,962,037.38. The trade was a 7.66% decrease in their position. 0.69% of the stock is owned by corporate insiders.

About Franco-Nevada

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada’s short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.