Scotiabank Brokers Lift Earnings Estimates for Franco-Nevada

Key Points

• Scotiabank raised its FY2027 EPS estimate for Franco‑Nevada to $12.56 per share (up from $12.50), while the consensus for the current full year remains about $3.11 per share.
• Multiple brokerages have lifted price targets recently (including CIBC, BofA and National Bank), leaving a consensus rating of "Moderate Buy" and an average target price of C$353.22.
• Franco‑Nevada reported C$3.86 EPS and C$795.48M revenue for the last quarter with a 61.07% net margin; the stock trades at a P/E of 57.48 and a market capitalization of C$63.84 billion.

Franco-Nevada Co. (TSE:FNV - Free Report) NYSE: FNV - Equities researchers at Scotiabank increased their FY2027 earnings per share (EPS) estimates for Franco-Nevada in a report released on Thursday, April 23rd. Scotiabank analyst T. Jakusconek now anticipates that the company will earn $12.56 per share for the year, up from their previous estimate of $12.50. The consensus estimate for Franco-Nevada's current full-year earnings is $3.11 per share.

Several other brokerages also recently weighed in on FNV. Canaccord Genuity Group downgraded Franco-Nevada from a "buy" rating to a "hold" rating and increased their price target for the stock from C$350.00 to C$380.00 in a report on Monday, January 26th. Bank of America increased their price target on Franco-Nevada from C$367.00 to C$384.00 in a report on Thursday, February 26th. Canadian Imperial Bank of Commerce increased their price target on Franco-Nevada from C$460.00 to C$480.00 in a report on Wednesday, February 4th. Stifel Nicolaus increased their price target on Franco-Nevada from C$340.00 to C$380.00 in a report on Tuesday, February 10th. Finally, National Bank Financial increased their price target on Franco-Nevada from C$380.00 to C$400.00 in a report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$353.22.

Franco-Nevada Price Performance

FNV stock opened at C$331.11 on Monday. The company has a market capitalization of C$63.84 billion, a P/E ratio of 57.48, a PEG ratio of 5.00 and a beta of 0.96. Franco-Nevada has a twelve month low of C$210.19 and a twelve month high of C$388.22. The business has a 50 day simple moving average of C$349.40 and a 200-day simple moving average of C$315.86. The company has a current ratio of 8.30, a quick ratio of 23.26 and a debt-to-equity ratio of 0.11.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last posted its quarterly earnings data on Tuesday, March 10th. The company reported C$3.86 earnings per share for the quarter. The business had revenue of C$795.48 million during the quarter. Franco-Nevada had a return on equity of 16.25% and a net margin of 61.07%.

Franco-Nevada Company Profile

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada's short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.

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