FY2025 EPS Estimates for Franco-Nevada Reduced by Scotiabank

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

Several other analysts have also commented on the stock. Raymond James Financial raised their price objective on shares of Franco-Nevada from $218.00 to $234.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $228.00 price target on shares of Franco-Nevada in a research report on Sunday, December 7th. Weiss Ratings cut Franco-Nevada from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 26th. TD Securities dropped their price target on shares of Franco-Nevada from $247.00 to $225.00 and set a “hold” rating on the stock in a report on Wednesday, November 5th. Finally, Wall Street Zen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $245.00.

Franco-Nevada Stock Down 10.5%

Shares of FNV stock opened at $234.25 on Monday. The stock has a fifty day moving average of $221.90 and a 200 day moving average of $201.53. The firm has a market capitalization of $45.16 billion, a price-to-earnings ratio of 49.11, a PEG ratio of 1.32 and a beta of 0.47. Franco-Nevada has a 52 week low of $135.16 and a 52 week high of $273.55.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released 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. The business had revenue of $487.70 million during the quarter, compared to analyst estimates of $448.51 million. Franco-Nevada had a return on equity of 13.94% and a net margin of 59.48%.Franco-Nevada’s quarterly revenue was up 76.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 EPS.

Hedge Funds Weigh In On Franco-Nevada

Several institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Franco-Nevada during the second quarter valued at $460,218,000. Mackenzie Financial Corp lifted 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 worth $525,925,000 after purchasing an additional 1,020,509 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Franco-Nevada by 26.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 4,049,187 shares of the basic materials company’s stock worth $901,092,000 after acquiring an additional 846,950 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of 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 valued at $528,289,000 after purchasing an additional 838,853 shares during the period. Finally, Picton Mahoney Asset Management purchased a new stake in Franco-Nevada in the 2nd quarter valued at about $80,621,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Increases Dividend

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

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.