FY2025 EPS Estimates for Franco-Nevada Lifted by Scotiabank

Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV - Equities research analysts at Scotiabank increased their FY2025 earnings estimates for Franco-Nevada in a research note issued on Tuesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings per share of $4.75 for the year, up from their previous estimate of $4.67. Scotiabank currently has a "Sector Perform" rating and a $169.00 price objective on the stock. The consensus estimate for Franco-Nevada's current full-year earnings is $3.09 per share. Scotiabank also issued estimates for Franco-Nevada's FY2026 earnings at $4.98 EPS.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.00 by $0.07. The firm had revenue of $368.40 million for the quarter, compared to the consensus estimate of $328.79 million. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The business's revenue was up 43.5% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share.

Several other research firms also recently commented on FNV. CIBC reissued an "outperform" rating on shares of Franco-Nevada in a research note on Tuesday. HC Wainwright restated a "buy" rating and set a $195.00 target price (up previously from $180.00) on shares of Franco-Nevada in a report on Wednesday, May 28th. UBS Group boosted their target price on shares of Franco-Nevada from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a report on Tuesday, June 24th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, May 28th. Six analysts have rated the stock with a hold rating and nine 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 an average target price of $172.13.

Franco-Nevada Trading Up 0.8%

Shares of FNV stock traded up $1.25 during trading hours on Friday, hitting $155.83. 59,905 shares of the company's stock were exchanged, compared to its average volume of 847,087. The company has a market capitalization of $30.02 billion, a PE ratio of 48.70, a PEG ratio of 2.14 and a beta of 0.41. Franco-Nevada has a 12-month low of $112.70 and a 12-month high of $179.99. The business's 50 day simple moving average is $164.95 and its 200-day simple moving average is $152.90.

Hedge Funds Weigh In On Franco-Nevada

Several hedge funds and other institutional investors have recently bought and sold shares of FNV. Norges Bank bought a new position in Franco-Nevada during the 4th quarter valued at about $237,643,000. EdgePoint Investment Group Inc. increased its position in shares of Franco-Nevada by 49.9% during the 4th quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company's stock valued at $582,100,000 after purchasing an additional 1,650,358 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Franco-Nevada by 198.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,705,489 shares of the basic materials company's stock valued at $268,280,000 after purchasing an additional 1,133,373 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Franco-Nevada by 246.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,164,394 shares of the basic materials company's stock valued at $136,796,000 after purchasing an additional 828,166 shares during the last quarter. Finally, Capital World Investors increased its position in shares of Franco-Nevada by 9.8% during the 4th quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company's stock valued at $934,106,000 after purchasing an additional 711,591 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, June 12th. Franco-Nevada's dividend payout ratio is currently 47.50%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.