Franco-Nevada Co. (NYSE:FNV) Expected to Earn FY2025 Earnings of $2.96 Per Share

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) – Equities researchers at National Bank Financial reduced their FY2025 EPS estimates for shares of Franco-Nevada in a research report issued on Thursday, April 18th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings of $2.96 per share for the year, down from their previous forecast of $3.05. The consensus estimate for Franco-Nevada’s current full-year earnings is $2.76 per share.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its earnings results on Tuesday, March 5th. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.10. The firm had revenue of $303.30 million during the quarter. Franco-Nevada had a positive return on equity of 10.61% and a negative net margin of 38.26%.

Other analysts also recently issued reports about the stock. TheStreet downgraded shares of Franco-Nevada from a “c+” rating to a “d+” rating in a report on Tuesday, March 5th. Bank of America dropped their price objective on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Raymond James upped their target price on shares of Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Scotiabank lifted their price target on Franco-Nevada from $139.00 to $140.00 and gave the company a “sector perform” rating in a research note on Thursday, April 18th. Finally, Jefferies Financial Group upped their price objective on Franco-Nevada from $117.00 to $129.00 and gave the stock a “hold” rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Franco-Nevada currently has a consensus rating of “Hold” and an average target price of $148.60.

Franco-Nevada Price Performance

NYSE:FNV opened at $118.17 on Monday. The business’s 50-day simple moving average is $114.30 and its 200-day simple moving average is $115.90. Franco-Nevada has a fifty-two week low of $102.29 and a fifty-two week high of $161.25. The stock has a market capitalization of $22.73 billion, a PE ratio of -48.63, a price-to-earnings-growth ratio of 6.66 and a beta of 0.71.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.34. Franco-Nevada’s dividend payout ratio is presently -55.97%.

Institutional Investors Weigh In On Franco-Nevada

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp increased its holdings in Franco-Nevada by 15.6% during the fourth quarter. Mackenzie Financial Corp now owns 1,472,264 shares of the basic materials company’s stock worth $163,156,000 after buying an additional 198,144 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Franco-Nevada by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 7,104,384 shares of the basic materials company’s stock valued at $948,364,000 after purchasing an additional 112,274 shares during the period. Beddow Capital Management Inc. raised its stake in Franco-Nevada by 3.8% in the fourth quarter. Beddow Capital Management Inc. now owns 56,639 shares of the basic materials company’s stock valued at $6,276,000 after buying an additional 2,059 shares during the period. Invesco Ltd. lifted its position in shares of Franco-Nevada by 11.9% in the third quarter. Invesco Ltd. now owns 491,631 shares of the basic materials company’s stock valued at $65,628,000 after buying an additional 52,401 shares during the last quarter. Finally, TD Asset Management Inc lifted its position in shares of Franco-Nevada by 0.4% in the third quarter. TD Asset Management Inc now owns 2,232,515 shares of the basic materials company’s stock valued at $299,425,000 after buying an additional 9,482 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

About Franco-Nevada

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.