Franco-Nevada FY2025 EPS Forecast Boosted by Stifel Canada

Key Points

• Franco-Nevada's earnings per share (EPS) forecast for FY2025 has been raised to $5.12 by Stifel Canada, up from a previous estimate of $4.65.
• Analysts average target price for Franco-Nevada is currently $210.29, with a consensus rating of Moderate Buy from various brokerages.
• The company reported a quarterly EPS of $1.24, surpassing estimates, and announced a quarterly dividend of $0.38, yielding 0.8% annually.

Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV - Research analysts at Stifel Canada upped their FY2025 EPS estimates for Franco-Nevada in a research note issued to investors on Monday, October 20th. Stifel Canada analyst I. Rico now anticipates that the basic materials company will post earnings of $5.12 per share for the year, up from their prior forecast of $4.65. The consensus estimate for Franco-Nevada's current full-year earnings is $3.09 per share. Stifel Canada also issued estimates for Franco-Nevada's FY2026 earnings at $6.15 EPS and FY2027 earnings at $6.39 EPS.

A number of other brokerages have also recently weighed in on FNV. CIBC restated an "outperform" rating on shares of Franco-Nevada in a research note on Tuesday, July 15th. Weiss Ratings cut shares of Franco-Nevada from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Bank of America lifted their price objective on shares of Franco-Nevada from $211.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, October 16th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Finally, HC Wainwright boosted their price target on shares of Franco-Nevada from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Franco-Nevada presently has a consensus rating of "Moderate Buy" and an average target price of $210.29.

Franco-Nevada Stock Down 1.5%

Shares of NYSE FNV opened at $189.84 on Thursday. Franco-Nevada has a fifty-two week low of $112.70 and a fifty-two week high of $225.63. The firm's 50-day simple moving average is $200.32 and its 200 day simple moving average is $177.19. The stock has a market cap of $36.58 billion, a P/E ratio of 46.64, a P/E/G ratio of 1.81 and a beta of 0.42.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.14. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The business had revenue of $369.40 million for the quarter, compared to analysts' expectations of $382.70 million. During the same period in the previous year, the business earned $0.75 earnings per share. The company's revenue was up 42.0% on a year-over-year basis.

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were given a $0.38 dividend. The ex-dividend date was Thursday, September 11th. This represents a $1.52 annualized dividend and a yield of 0.8%. Franco-Nevada's payout ratio is 37.35%.

Institutional Investors Weigh In On Franco-Nevada

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in Franco-Nevada in the 2nd quarter worth about $460,218,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Franco-Nevada by 198.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,705,489 shares of the basic materials company's stock worth $268,280,000 after purchasing an additional 1,133,373 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Franco-Nevada by 35.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,220,029 shares of the basic materials company's stock worth $528,289,000 after purchasing an additional 838,853 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in Franco-Nevada in the 2nd quarter worth about $80,621,000. Finally, Scharf Investments LLC purchased a new position in Franco-Nevada in the 2nd quarter worth about $78,509,000. 77.06% of the stock is currently owned by institutional investors.

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.

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