
Franco-Nevada Corporation (NYSE:FNV – Free Report) (TSE:FNV) – Research analysts at Scotiabank boosted their FY2026 earnings estimates for Franco-Nevada in a research report issued on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings per share of $8.47 for the year, up from their previous estimate of $8.40. Scotiabank currently has a “Sector Perform” rating and a $274.00 target price on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $7.54 per share.
FNV has been the topic of several other research reports. Jefferies Financial Group dropped their price objective on shares of Franco-Nevada from $258.00 to $245.00 and set a “hold” rating on the stock in a report on Monday, July 6th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada decreased their target price on Franco-Nevada from $295.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. HC Wainwright restated a “buy” rating and set a $305.00 price target on shares of Franco-Nevada in a research note on Wednesday, May 13th. Finally, Zacks Research raised Franco-Nevada from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $273.40.
Franco-Nevada Price Performance
Shares of Franco-Nevada stock opened at $271.84 on Monday. The company has a market cap of $52.43 billion, a PE ratio of 35.53, a price-to-earnings-growth ratio of 2.49 and a beta of 0.35. The firm has a fifty day moving average price of $221.36 and a two-hundred day moving average price of $235.52. Franco-Nevada has a fifty-two week low of $181.50 and a fifty-two week high of $285.67.
Franco-Nevada (NYSE:FNV – Get Free Report) (TSE:FNV) last announced its earnings results on Tuesday, August 11th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.14). The company had revenue of $580.90 million for the quarter, compared to the consensus estimate of $616.66 million. Franco-Nevada had a return on equity of 18.58% and a net margin of 63.79%.The company’s revenue was up 57.3% compared to the same quarter last year. During the same period last year, the firm posted $1.24 EPS.
Hedge Funds Weigh In On Franco-Nevada
A number of hedge funds have recently made changes to their positions in FNV. Transamerica Financial Advisors LLC acquired a new stake in shares of Franco-Nevada during the 4th quarter valued at about $25,000. Ascentis Independent Advisors acquired a new position in Franco-Nevada in the first quarter worth about $39,000. Navalign LLC bought a new position in Franco-Nevada during the fourth quarter worth about $34,000. Global Retirement Partners LLC bought a new position in Franco-Nevada during the second quarter worth about $35,000. Finally, Dunhill Financial LLC acquired a new stake in Franco-Nevada during the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 77.06% of the company’s stock.
Franco-Nevada Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, September 10th. Franco-Nevada’s payout ratio is 23.01%.
About Franco-Nevada
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.
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