Franco-Nevada Co. (TSE:FNV - Free Report) NYSE: FNV - Stock analysts at Raymond James increased their Q2 2024 earnings per share estimates for Franco-Nevada in a research note issued on Tuesday, April 23rd. Raymond James analyst B. Macarthur now expects that the company will post earnings of $1.15 per share for the quarter, up from their prior estimate of $0.97. Raymond James currently has a "Outperform" rating and a $138.00 target price on the stock. The consensus estimate for Franco-Nevada's current full-year earnings is $4.28 per share. Raymond James also issued estimates for Franco-Nevada's Q3 2024 earnings at $1.11 EPS and Q4 2024 earnings at $1.11 EPS.
A number of other equities research analysts have also commented on the company. BMO Capital Markets dropped their target price on Franco-Nevada from C$200.00 to C$195.00 in a research report on Wednesday, March 6th. Canaccord Genuity Group boosted their price target on Franco-Nevada from C$168.00 to C$177.00 in a report on Tuesday. Bank of America boosted their price target on Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Veritas Investment Research boosted their price target on Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. Finally, Stifel Nicolaus boosted their price target on Franco-Nevada from C$182.00 to C$196.00 and gave the company a "buy" rating in a report on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$187.50.
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Franco-Nevada Stock Performance
TSE FNV traded up C$3.12 during trading hours on Thursday, reaching C$166.12. The stock had a trading volume of 211,913 shares, compared to its average volume of 375,336. The stock has a fifty day moving average of C$156.27 and a 200 day moving average of C$157.14. The stock has a market cap of C$31.92 billion, a P/E ratio of -49.89, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63. Franco-Nevada has a 52-week low of C$139.19 and a 52-week high of C$217.70. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 41.21.
Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last issued its earnings results on Tuesday, March 5th. The company reported C$1.23 EPS for the quarter, beating analysts' consensus estimates of C$1.07 by C$0.16. The firm had revenue of C$412.95 million for the quarter. Franco-Nevada had a negative return on equity of 7.65% and a negative net margin of 38.33%.
Franco-Nevada Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a dividend yield of 1.15%. This is an increase from Franco-Nevada's previous quarterly dividend of $0.47. The ex-dividend date was Wednesday, March 13th. Franco-Nevada's dividend payout ratio is presently -58.86%.
Insider Transactions at Franco-Nevada
In related news, Senior Officer Eaun Harrison Gray sold 330 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total value of C$51,707.70. In related news, Senior Officer Eaun Harrison Gray sold 330 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total value of C$51,707.70. Also, Director Paul Brink sold 2,315 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$157.33, for a total value of C$364,221.50. Insiders sold a total of 16,839 shares of company stock valued at $2,686,396 in the last three months. 0.69% of the stock is currently owned by company insiders.
About Franco-Nevada
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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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