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

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Franco-Nevada in the last year. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FNV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FNV, but not buy additional shares or sell existing shares.
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7 brokerages have issued 1 year price targets for Franco-Nevada's shares. Their FNV share price forecasts range from $127.00 to $240.00. On average, they predict the company's share price to reach $174.29 in the next twelve months. This suggests a possible upside of 18.8% from the stock's current price.
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Franco-Nevada's stock was trading at $136.48 at the start of the year. Since then, FNV shares have increased by 7.5% and is now trading at $146.73.
View the best growth stocks for 2023 here.

Franco-Nevada saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,790,000 shares, an increase of 9.9% from the April 30th total of 3,450,000 shares. Based on an average daily volume of 633,900 shares, the short-interest ratio is currently 6.0 days. Currently, 2.0% of the shares of the company are sold short.
View Franco-Nevada's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
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Franco-Nevada Co. (NYSE:FNV) issued its quarterly earnings results on Tuesday, May, 2nd. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The basic materials company earned $276.30 million during the quarter, compared to analysts' expectations of $302.62 million. Franco-Nevada had a net margin of 53.87% and a trailing twelve-month return on equity of 10.58%. The company's revenue was down 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS.

Franco-Nevada declared a quarterly dividend on Tuesday, May 2nd. Investors of record on Thursday, June 15th will be given a dividend of $0.34 per share on Thursday, June 29th. This represents a $1.36 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Wednesday, June 14th.
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), iShares MSCI Intl Quality Factor ETF (IQLT), iShares International Dividend Growth ETF (IGRO), iShares MSCI ACWI Low Carbon Target ETF (CRBN), iShares Core MSCI International Developed Markets ETF (IDEV) and iShares Core MSCI Total International Stock ETF (IXUS).

Franco-Nevada (NYSE:FNV) pays an annual dividend of $1.36 per share and currently has a dividend yield of 0.92%. 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 38.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FNV will have a dividend payout ratio of 34.43% 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 variety of retail and institutional investors. Top institutional shareholders include FMR LLC (7.50%), Van ECK Associates Corp (4.33%), FIL Ltd (3.95%), Renaissance Technologies LLC (1.81%), Jarislowsky Fraser Ltd (1.63%) and Bank of America Corp DE (1.40%).

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 $146.73.

Franco-Nevada (NYSE:FNV) has a market capitalization of $28.17 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 $3.51 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.