Raymond James Research Analysts Lift Earnings Estimates for Franco-Nevada Co. (TSE:FNV)

Franco-Nevada Co. (TSE:FNV - Free Report) NYSE: FNV - Investment analysts at Raymond James increased their FY2024 earnings per share (EPS) estimates for shares of Franco-Nevada in a research report issued to clients and investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur now expects that the company will earn $4.30 per share for the year, up from their prior estimate of $3.77. Raymond James currently has a "Outperform" rating and a $138.00 price objective on the stock. The consensus estimate for Franco-Nevada's current full-year earnings is $4.28 per share.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last posted its earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, topping analysts' consensus estimates of C$1.07 by C$0.16. Franco-Nevada had a negative return on equity of 7.65% and a negative net margin of 38.33%. The firm had revenue of C$412.95 million for the quarter.

Other equities analysts have also recently issued reports about the company. Eight Capital upped their price objective on Franco-Nevada from C$190.00 to C$200.00 and gave the company a "buy" rating in a research report on Monday. Stifel Nicolaus boosted their target price on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the company a "buy" rating in a research note on Friday, April 19th. Bank of America boosted their target price on shares of Franco-Nevada from C$186.00 to C$190.00 in a research note on Tuesday, April 9th. Canaccord Genuity Group boosted their target price on shares of Franco-Nevada from C$168.00 to C$177.00 in a research note on Tuesday. Finally, Scotiabank lowered their target price on Franco-Nevada from C$141.00 to C$139.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$187.50.

Franco-Nevada Stock Up 1.1 %

Shares of FNV traded up C$1.85 during mid-day trading on Friday, reaching C$167.97. The company had a trading volume of 245,653 shares, compared to its average volume of 373,753. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 41.21. The firm has a 50-day moving average price of C$156.27 and a 200 day moving average price of C$157.14. Franco-Nevada has a 52 week low of C$139.19 and a 52 week high of C$217.70. The company has a market capitalization of C$32.28 billion, a price-to-earnings ratio of -49.89, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63.

Insider Activity

In related news, Director Paul Brink sold 3,445 shares of the firm's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total transaction of C$547,513.85. In other Franco-Nevada news, Director Paul Brink sold 3,445 shares of the firm's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total value of C$547,513.85. Also, Senior Officer Sandip Rana sold 10,749 shares of the firm's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total value of C$1,722,952.91. Over the last three months, insiders have sold 16,839 shares of company stock valued at $2,686,396. Company insiders own 0.69% of the company's stock.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.477 dividend. The ex-dividend date was Wednesday, March 13th. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.47. This represents a $1.91 dividend on an annualized basis and a dividend yield of 1.14%. Franco-Nevada's dividend payout ratio is currently -58.86%.

Franco-Nevada Company Profile

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.