FY2025 EPS Estimates for Franco-Nevada Lowered by Analyst

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) – Scotiabank lowered their FY2025 earnings estimates for shares of Franco-Nevada in a note issued to investors on Friday, January 30th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings per share of $5.45 for the year, down from their previous estimate of $5.61. Scotiabank has a “Sector Perform” rating and a $283.00 price objective on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.09 per share.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Monday, November 3rd. The basic materials company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. Franco-Nevada had a return on equity of 13.94% and a net margin of 59.48%.The company had revenue of $487.70 million for the quarter, compared to analyst estimates of $448.51 million. During the same period in the previous year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 76.9% compared to the same quarter last year.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $228.00 price target on shares of Franco-Nevada in a research note on Sunday, December 7th. Royal Bank Of Canada upgraded shares of Franco-Nevada from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $225.00 to $250.00 in a research note on Wednesday, December 10th. Weiss Ratings cut Franco-Nevada from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 26th. Wall Street Zen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Finally, UBS Group reaffirmed a “buy” rating and issued a $310.00 price objective on shares of Franco-Nevada in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $245.00.

Franco-Nevada Stock Performance

FNV opened at $232.57 on Monday. The business’s 50-day simple moving average is $222.55 and its 200 day simple moving average is $202.08. Franco-Nevada has a 52-week low of $135.16 and a 52-week high of $273.55. The firm has a market capitalization of $44.84 billion, a PE ratio of 48.76, a PEG ratio of 1.32 and a beta of 0.47.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, March 12th. Franco-Nevada’s dividend payout ratio is 31.87%.

Institutional Trading of Franco-Nevada

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Franco-Nevada during the 2nd quarter valued at $460,218,000. Mackenzie Financial Corp raised its stake in Franco-Nevada by 76.0% in the third quarter. Mackenzie Financial Corp now owns 2,363,324 shares of the basic materials company’s stock valued at $525,925,000 after purchasing an additional 1,020,509 shares in the last quarter. First Eagle Investment Management LLC raised its stake in Franco-Nevada by 26.4% in the third quarter. First Eagle Investment Management LLC now owns 4,049,187 shares of the basic materials company’s stock valued at $901,092,000 after purchasing an additional 846,950 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Franco-Nevada by 35.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,220,029 shares of the basic materials company’s stock worth $528,289,000 after purchasing an additional 838,853 shares during the period. Finally, Picton Mahoney Asset Management acquired a new stake in Franco-Nevada during the second quarter worth about $80,621,000. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Company Profile

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.