Franco-Nevada (FNV) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Franco-Nevada in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FNV shares.
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6 analysts have issued 12 month price objectives for Franco-Nevada's shares. Their FNV share price forecasts range from $95.00 to $230.00. On average, they expect the company's share price to reach $161.57 in the next year. This suggests a possible upside of 24.0% from the stock's current price.
View analysts price targets for FNV or view top-rated stocks among Wall Street analysts.

Franco-Nevada's stock was trading at $136.48 at the beginning of 2023. Since then, FNV stock has decreased by 4.5% and is now trading at $130.32.
View the best growth stocks for 2023 here.

Franco-Nevada saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 4,510,000 shares, an increase of 17.1% from the August 31st total of 3,850,000 shares. Based on an average daily trading volume, of 405,000 shares, the days-to-cover ratio is currently 11.1 days. Approximately 2.4% of the shares of the company are short sold.
View Franco-Nevada's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our FNV earnings forecast.

Franco-Nevada Co. (NYSE:FNV) released its quarterly earnings results on Tuesday, August, 8th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.12. The basic materials company had revenue of $329.90 million for the quarter, compared to analysts' expectations of $324.06 million. Franco-Nevada had a net margin of 53.88% and a trailing twelve-month return on equity of 10.20%. Franco-Nevada's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.02 earnings per share.

Franco-Nevada declared a quarterly dividend on Tuesday, August 8th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.34 per share on Thursday, September 28th. This represents a $1.36 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, September 13th.
Read our dividend analysis for FNV.

ETFs with the largest weight of Franco-Nevada (NYSE:FNV) stock in their portfolio include iShares North American Natural Resources ETF (IGE).BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD).

Franco-Nevada (NYSE:FNV) pays an annual dividend of $1.36 per share and currently has a dividend yield of 0.98%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 39.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FNV will have a dividend payout ratio of 35.05% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FNV.

3 employees have rated Franco-Nevada Chief Executive Officer David Harquail on Glassdoor.com. David Harquail has an approval rating of 100% among the company's employees. This puts David Harquail in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Franco-Nevada investors own include Wheaton Precious Metals (WPM), NVIDIA (NVDA), Cisco Systems (CSCO), Alibaba Group (BABA), Intel (INTC), Newmont (NEM), Royal Gold (RGLD), Johnson & Johnson (JNJ), Barrick Gold (GOLD) and Verizon Communications (VZ).

Franco-Nevada trades on the New York Stock Exchange (NYSE) under the ticker symbol "FNV."

Franco-Nevada's stock is owned by a number of institutional and retail investors. Top institutional investors include Van ECK Associates Corp (4.25%), Renaissance Technologies LLC (1.82%), The Manufacturers Life Insurance Company (1.81%), Jarislowsky Fraser Ltd (1.55%), Capital World Investors (1.34%) and Victory Capital Management Inc. (1.29%).

Shares of FNV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FNV stock can currently be purchased for approximately $130.32.

Franco-Nevada (NYSE:FNV) has a market capitalization of $25.03 billion and generates $1.32 billion in revenue each year. The basic materials company earns $700.60 million in net income (profit) each year or $3.45 on an earnings per share basis.

Franco-Nevada's mailing address is 199 BAY STREET SUITE 2000 COMMERCE COURT WEST, TORONTO A6, M5L 1G9. The official website for the company is www.franco-nevada.com. The basic materials company can be reached via phone at (416) 306-6300, via email at info@franco-nevada.com, or via fax at 416-306-6330.