Franco-Nevada Stock Earnings Estimates Lifted by Scotiabank

Key Points

• Scotiabank nudged its FY2026 EPS estimate for Franco-Nevada to $8.48 from $8.47 and forecasts $8.64 for FY2027. It maintains a “Sector Perform” rating and a $274 price target.
• Analyst sentiment is broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $275.30, with 10 Buy and four Hold ratings.
• In its latest reported quarter, Franco-Nevada posted EPS of $1.81, below the $1.95 consensus, and revenue of $580.9 million, below estimates; revenue nevertheless rose 57.3% year over year.

Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV - Investment analysts at Scotiabank raised their FY2026 earnings per share estimates for Franco-Nevada in a report released on Monday, November 2nd. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings of $8.48 per share for the year, up from their previous forecast of $8.47. Scotiabank has a "Sector Perform" rating and a $274.00 price target on the stock. The consensus estimate for Franco-Nevada's current full-year earnings is $7.39 per share. Scotiabank also issued estimates for Franco-Nevada's FY2027 earnings at $8.64 EPS.

Several other equities research analysts also recently commented on FNV. Bank of America reduced their price target on shares of Franco-Nevada from $276.00 to $238.00 and set a "neutral" rating for the company in a research report on Thursday, July 9th. Zacks Research upgraded shares of Franco-Nevada from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 11th. Royal Bank Of Canada raised their target price on Franco-Nevada from $285.00 to $300.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 16th. Finally, Weiss Ratings upgraded Franco-Nevada from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $275.30.

Franco-Nevada Price Performance

Shares of FNV opened at $242.42 on Thursday. Franco-Nevada has a one year low of $185.52 and a one year high of $285.67. The company has a 50-day moving average of $249.48 and a two-hundred day moving average of $240.02. The stock has a market cap of $46.77 billion, a price-to-earnings ratio of 31.69, a PEG ratio of 2.63 and a beta of 0.34.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data on Tuesday, August 11th. The basic materials company reported $1.81 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.14). The company had revenue of $580.90 million for the quarter, compared to the consensus estimate of $616.66 million. Franco-Nevada had a return on equity of 18.58% and a net margin of 63.79%. The business's revenue was up 57.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, September 10th. Franco-Nevada's payout ratio is currently 23.01%.

Institutional Investors Weigh In On Franco-Nevada

Large investors have recently made changes to their positions in the company. Silicon Valley Capital Partners acquired a new stake in shares of Franco-Nevada in the second quarter valued at about $31,000. Transamerica Financial Advisors LLC bought a new position in shares of Franco-Nevada in the second quarter worth about $33,000. Global Retirement Partners LLC acquired a new position in shares of Franco-Nevada during the 2nd quarter worth about $35,000. Dunhill Financial LLC acquired a new position in shares of Franco-Nevada during the 2nd quarter worth about $36,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Franco-Nevada during the 3rd quarter worth about $36,000. Institutional investors own 77.06% of the company's stock.

About Franco-Nevada

Franco-Nevada Corporation is a gold-focused royalty and streaming company. Rather than operating mines directly, it provides capital to mining and energy companies in exchange for the right to receive a portion of future production or revenue from their assets. Its portfolio includes royalties, streams and other interests tied primarily to gold, as well as silver, platinum group metals, base metals and energy assets.

The company's business model provides exposure to commodity production while generally limiting its direct responsibility for mine development, operating costs and capital expenditures.

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