Research Analysts Offer Predictions for Franco-Nevada Co.’s Q1 2023 Earnings (TSE:FNV)

Franco-Nevada Co. (TSE:FNVGet Rating) (NYSE:FNV) – Analysts at Raymond James issued their Q1 2023 EPS estimates for shares of Franco-Nevada in a research report issued on Tuesday, April 19th. Raymond James analyst B. Macarthur forecasts that the company will post earnings per share of $1.18 for the quarter. Raymond James has a “Outperform” rating and a $174.00 price target on the stock. Raymond James also issued estimates for Franco-Nevada’s Q2 2023 earnings at $1.17 EPS, Q3 2023 earnings at $1.16 EPS, Q4 2023 earnings at $1.17 EPS and FY2023 earnings at $4.69 EPS.

FNV has been the topic of a number of other reports. CIBC increased their price objective on Franco-Nevada from C$240.00 to C$260.00 in a research report on Thursday, March 10th. Barclays restated a “hold” rating and issued a C$144.00 price target on shares of Franco-Nevada in a research report on Thursday, March 10th. HC Wainwright restated a “buy” rating and issued a C$179.00 price target on shares of Franco-Nevada in a research report on Friday, March 11th. BMO Capital Markets reduced their price target on Franco-Nevada from C$228.00 to C$227.00 in a research report on Monday, April 18th. Finally, Canaccord Genuity Group raised their price target on Franco-Nevada from C$210.00 to C$215.00 in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Franco-Nevada currently has a consensus rating of “Hold” and an average target price of C$199.57.

Shares of FNV opened at C$201.80 on Thursday. The firm has a market capitalization of C$38.61 billion and a price-to-earnings ratio of 41.81. The company has a debt-to-equity ratio of 1.63, a quick ratio of 15.26 and a current ratio of 17.39. The business’s fifty day moving average price is C$198.87 and its two-hundred day moving average price is C$181.57. Franco-Nevada has a 52 week low of C$158.27 and a 52 week high of C$216.32.

Franco-Nevada (TSE:FNVGet Rating) (NYSE:FNV) last announced its quarterly earnings data on Wednesday, March 9th. The company reported C$1.08 EPS for the quarter, missing the Zacks’ consensus estimate of C$1.09 by C($0.01). The business had revenue of C$413.15 million during the quarter, compared to analysts’ expectations of C$400.86 million.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 17th were paid a $0.405 dividend. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, March 16th. This represents a $1.62 annualized dividend and a dividend yield of 0.80%. Franco-Nevada’s dividend payout ratio (DPR) is currently 24.03%.

In other Franco-Nevada news, Senior Officer Sandip Rana sold 5,000 shares of Franco-Nevada stock in a transaction dated Wednesday, March 30th. The stock was sold at an average price of C$201.48, for a total value of C$1,007,380.00. Following the sale, the insider now owns 47,215 shares of the company’s stock, valued at approximately C$9,512,689.34. Also, Director David Harquail sold 28,053 shares of Franco-Nevada stock in a transaction dated Wednesday, March 23rd. The shares were sold at an average price of C$199.27, for a total value of C$5,590,171.81. Following the completion of the sale, the director now directly owns 810,841 shares in the company, valued at approximately C$161,577,745.58. Insiders sold a total of 57,553 shares of company stock worth $11,502,552 in the last three months.

About Franco-Nevada (Get Rating)

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, the United States, Canada, and internationally. It operates in two segments, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids.

Further Reading

Earnings History and Estimates for Franco-Nevada (TSE:FNV)

Receive News & Ratings for Franco-Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada and related companies with MarketBeat.com's FREE daily email newsletter.