Stifel Canada Forecasts Reduced Earnings for Franco-Nevada

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) – Equities researchers at Stifel Canada cut their FY2024 EPS estimates for shares of Franco-Nevada in a report released 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 previous estimate 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.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$1.09 EPS for the quarter, missing the consensus estimate 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 business posted $1.22 earnings per share.

Several other research analysts have also recently commented on the company. CIBC boosted their target price on Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Stifel Nicolaus boosted their price objective on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Finally, Canaccord Genuity Group decreased their price target on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$190.80.

Franco-Nevada Stock Performance

Shares of FNV stock opened at C$202.57 on Friday. Franco-Nevada has a 52 week low of C$140.67 and a 52 week high of C$203.98. The firm has a 50 day moving average of C$178.21 and a two-hundred day moving average of C$173.62. The company has a quick ratio of 23.26, a current ratio of 29.11 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of C$38.98 billion, a PE ratio of -48.35, a P/E/G ratio of 5.00 and a beta of 0.68.

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.