FY2026 EPS Estimates for Franco-Nevada Lifted by Scotiabank

Key Points

• Scotiabank raised its FY2026 EPS estimate for Franco-Nevada to $8.47 from $8.40, while maintaining a “Sector Perform” rating and a $274 price target. The estimate remains above the current full-year consensus of $7.62.
• Franco-Nevada’s latest quarterly results fell short of expectations, with EPS of $1.81 versus the $1.95 consensus and revenue of $580.9 million versus estimates of $616.66 million. However, revenue increased 57.3% year over year.
• The stock carries a “Moderate Buy” consensus rating, with 11 analysts rating it Buy and four rating it Hold; the average price target is $273.40. Institutional investors own 77.06% of the company, which also announced a quarterly dividend of $0.44 per share.

Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV - Analysts at Scotiabank upped their FY2026 earnings estimates for shares of Franco-Nevada in a note issued to investors on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will earn $8.47 per share for the year, up from their previous estimate of $8.40. Scotiabank has a "Sector Perform" rating and a $274.00 price objective on the stock. The consensus estimate for Franco-Nevada's current full-year earnings is $7.62 per share.

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

FNV has been the topic of several other research reports. TD Securities raised Franco-Nevada from a "hold" rating to a "buy" rating and set a $291.00 target price on the stock in a research note on Wednesday, May 20th. Canaccord Genuity Group raised Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Wednesday, April 29th. National Bank Financial raised Franco-Nevada from a "sector perform" rating to an "outperform" rating in a report on Wednesday, May 13th. Jefferies Financial Group cut their price objective on shares of Franco-Nevada from $258.00 to $245.00 and set a "hold" rating on the stock in a research note on Monday, July 6th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $305.00 price objective on shares of Franco-Nevada in a report on Wednesday, May 13th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Franco-Nevada has an average rating of "Moderate Buy" and an average price target of $273.40.

Franco-Nevada Trading Up 0.0%

Shares of NYSE FNV opened at $265.78 on Monday. Franco-Nevada has a 12-month low of $180.32 and a 12-month high of $285.67. The company has a market cap of $51.26 billion, a PE ratio of 34.74, a P/E/G ratio of 2.42 and a beta of 0.35. The stock has a 50 day simple moving average of $219.57 and a 200-day simple moving average of $235.06.

Institutional Investors Weigh In On Franco-Nevada

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Franco-Nevada by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 8,330,234 shares of the basic materials company's stock valued at $1,726,741,000 after purchasing an additional 113,916 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Franco-Nevada by 12.8% in the fourth quarter. Van ECK Associates Corp now owns 7,441,133 shares of the basic materials company's stock valued at $1,542,402,000 after buying an additional 842,132 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Franco-Nevada by 26.5% in the fourth quarter. First Eagle Investment Management LLC now owns 5,123,444 shares of the basic materials company's stock valued at $1,062,037,000 after buying an additional 1,074,257 shares during the period. EdgePoint Investment Group Inc. boosted its stake in Franco-Nevada by 3.3% during the first quarter. EdgePoint Investment Group Inc. now owns 3,461,224 shares of the basic materials company's stock valued at $857,196,000 after buying an additional 110,222 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Franco-Nevada by 10.2% during the fourth quarter. Royal Bank of Canada now owns 2,808,645 shares of the basic materials company's stock valued at $582,177,000 after buying an additional 260,793 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.76 annualized dividend and a yield of 0.7%. Franco-Nevada's payout ratio is presently 23.01%.

About Franco-Nevada

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.

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