National Bank Financial Brokers Lift Earnings Estimates for Franco-Nevada Co. (TSE:FNV)

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities researchers at National Bank Financial upped their Q3 2024 earnings estimates for Franco-Nevada in a research report issued on Wednesday, August 14th. National Bank Financial analyst S. Nagle now expects that the company will post earnings per share of $1.27 for the quarter, up from their prior estimate of $1.20. The consensus estimate for Franco-Nevada’s current full-year earnings is $4.65 per share. National Bank Financial also issued estimates for Franco-Nevada’s FY2026 earnings at $6.27 EPS.

Several other equities research analysts also recently weighed in on FNV. BMO Capital Markets raised their price target on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Canaccord Genuity Group increased their price objective on shares of Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday. Raymond James increased their price target on shares of Franco-Nevada from C$150.00 to C$151.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, National Bankshares dropped their price target on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Franco-Nevada currently has an average rating of “Moderate Buy” and a consensus price target of C$192.18.

Franco-Nevada Price Performance

Shares of TSE:FNV opened at C$166.67 on Friday. The company has a market capitalization of C$32.07 billion, a PE ratio of -39.97, a PEG ratio of 5.00 and a beta of 0.62. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$198.00. The business has a fifty day moving average price of C$167.66 and a 200-day moving average price of C$162.26.

Insider Activity

In related news, Director Paul Brink sold 13,076 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of C$170.21, for a total transaction of C$2,225,654.19. In other Franco-Nevada news, Director Catharine Elizabeth Goddard Farrow sold 20,000 shares of Franco-Nevada stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of C$171.78, for a total value of C$3,435,562.00. Following the sale, the director now directly owns 301 shares in the company, valued at approximately C$51,705.21. Also, Director Paul Brink sold 13,076 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of C$170.21, for a total transaction of C$2,225,654.19. Insiders have sold 33,606 shares of company stock worth $5,747,182 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.497 per share. The ex-dividend date is Thursday, September 12th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.49. This represents a $1.99 dividend on an annualized basis and a yield of 1.19%. Franco-Nevada’s dividend payout ratio (DPR) is currently -47.48%.

Franco-Nevada Company Profile

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.