Stifel Canada Expects Stronger Earnings for Franco-Nevada

Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV - Equities researchers at Stifel Canada boosted their FY2025 EPS estimates for shares of Franco-Nevada in a note issued to investors on Monday, April 21st. Stifel Canada analyst I. Rico now forecasts that the basic materials company will post earnings of $4.32 per share for the year, up from their previous estimate of $4.08. 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 $4.36 EPS.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $304.33 million. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The firm's revenue was up 5.8% compared to the same quarter last year.

FNV has been the topic of a number of other research reports. StockNews.com raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. HC Wainwright increased their price target on Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, March 26th. Scotiabank boosted their price objective on Franco-Nevada from $150.00 to $165.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. UBS Group increased their target price on Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, BMO Capital Markets assumed coverage on shares of Franco-Nevada in a research note on Wednesday, April 16th. They set an "outperform" rating for the company. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $162.25.

Franco-Nevada Trading Down 0.6 %

FNV stock traded down $1.07 during midday trading on Wednesday, hitting $169.02. The stock had a trading volume of 495,368 shares, compared to its average volume of 705,933. The business has a fifty day moving average price of $153.47 and a two-hundred day moving average price of $136.15. Franco-Nevada has a 1-year low of $112.70 and a 1-year high of $178.74. The firm has a market cap of $32.54 billion, a P/E ratio of -53.49, a price-to-earnings-growth ratio of 9.78 and a beta of 0.68.

Hedge Funds Weigh In On Franco-Nevada

A number of institutional investors have recently added to or reduced their stakes in the business. Covea Finance grew its holdings in shares of Franco-Nevada by 2.7% during the fourth quarter. Covea Finance now owns 101,320 shares of the basic materials company's stock worth $11,895,000 after purchasing an additional 2,700 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Franco-Nevada by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company's stock worth $49,702,000 after acquiring an additional 16,029 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Franco-Nevada by 5.0% during the 4th quarter. JPMorgan Chase & Co. now owns 962,671 shares of the basic materials company's stock valued at $113,200,000 after purchasing an additional 45,495 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Franco-Nevada by 113.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company's stock valued at $601,000 after acquiring an additional 2,710 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Franco-Nevada during the 4th quarter valued at $12,280,000. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's dividend payout ratio (DPR) is 53.15%.

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.