FY2024 EPS Estimates for Franco-Nevada Cut by Stifel Canada

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Analysts at Stifel Canada decreased their FY2024 earnings estimates for shares of Franco-Nevada in a research note issued on Tuesday, February 4th. Stifel Canada analyst I. Rico now forecasts that the company will post earnings per share of $4.13 for the year, down from their prior forecast of $4.77. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.11 per share. Stifel Canada also issued estimates for Franco-Nevada’s FY2025 earnings at $5.92 EPS.

Other analysts also recently issued reports about the company. CIBC boosted their target price on Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a research report on Monday, November 18th. Canaccord Genuity Group dropped their target price on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a report on Monday, November 18th. Finally, Stifel Nicolaus upped their price target on shares of Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$190.80.

Franco-Nevada Stock Performance

FNV opened at C$202.57 on Friday. Franco-Nevada has a 1-year low of C$140.67 and a 1-year high of C$203.98. The stock has a market cap of C$38.98 billion, a P/E ratio of -48.35, a P/E/G ratio of 5.00 and a beta of 0.68. The stock’s 50 day simple moving average is C$178.21 and its 200 day simple moving average is C$173.62. 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 (TSE:FNV) (NYSE:FNV) last issued its earnings results on Wednesday, November 6th. The company reported C$1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.15 by C($0.06). Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. During the same quarter in the previous year, the firm earned $1.22 earnings per share.

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.