Franco-Nevada Co. (TSE:FNV – Free Report) (NYSE:FNV) – Research analysts at Scotiabank cut their FY2024 earnings estimates for Franco-Nevada in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings of $4.59 per share for the year, down from their prior estimate of $4.61. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. Scotiabank also issued estimates for Franco-Nevada’s FY2025 earnings at $5.68 EPS.
A number of other equities research analysts have also issued reports on the company. Canaccord Genuity Group reduced their price target on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a research report on Monday, November 18th. CIBC boosted their price target on shares of Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Stifel Nicolaus increased their price objective on Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. Finally, UBS Group raised Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$190.80.
Franco-Nevada Stock Performance
Shares of FNV stock opened at C$181.87 on Monday. The stock has a market capitalization of C$35.00 billion, a PE ratio of -43.41, a P/E/G ratio of 5.00 and a beta of 0.68. The company has a quick ratio of 23.26, a current ratio of 29.11 and a debt-to-equity ratio of 1.63. Franco-Nevada has a 52 week low of C$140.67 and a 52 week high of C$191.17. The firm has a 50 day moving average of C$172.06 and a two-hundred day moving average of C$170.61.
Franco-Nevada Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.487 per share. This represents a $1.95 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, December 5th. Franco-Nevada’s dividend payout ratio is currently -46.30%.
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.
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