Franco-Nevada Corporation (NYSE:FNV – Get Free Report) (TSE:FNV) passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $248.24 and traded as low as $241.58. Franco-Nevada shares last traded at $247.7070, with a volume of 856,550 shares.
Trending Headlines about Franco-Nevada
Investors following FNV have been watching these headlines:
- Positive Sentiment: Q3 adjusted earnings were $1.89 per share, topping the $1.77 consensus estimate and rising from $1.43 a year earlier. Revenue increased 12.6% year over year. On the earnings call, management highlighted growth and its project pipeline. Franco-Nevada Earnings Call Highlights Growth and Pipeline
- Neutral Sentiment: The company revised its fiscal 2026 sales guidance. The report provided here does not state whether the revision was an increase or decrease, leaving the potential earnings impact unclear. Franco-Nevada revises 2026 sales guidance
- Negative Sentiment: Quarterly revenue of $549.3 million missed analysts’ $568.4 million forecast. Commentary also raised the possibility that FNV’s shares could remain at a valuation premium despite the strong earnings, potentially limiting upside. Franco-Nevada stock may trade at a premium
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on FNV. Weiss Ratings raised Franco-Nevada from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday. HC Wainwright reissued a “buy” rating and issued a $305.00 target price on shares of Franco-Nevada in a report on Thursday. Royal Bank Of Canada upped their price target on Franco-Nevada from $285.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Finally, Zacks Research raised Franco-Nevada from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $275.30.
Get Our Latest Analysis on Franco-Nevada
Franco-Nevada Stock Down 0.4%
The stock has a market capitalization of $47.79 billion, a PE ratio of 30.17, a PEG ratio of 2.89 and a beta of 0.34. The firm’s fifty day moving average is $248.24 and its 200-day moving average is $240.01.
Franco-Nevada (NYSE:FNV – Get Free Report) (TSE:FNV) last announced its quarterly earnings data on Wednesday, November 11th. The basic materials company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.12. Franco-Nevada had a return on equity of 19.12% and a net margin of 66.68%. The company had revenue of $549.30 million for the quarter, compared to analyst estimates of $568.44 million. During the same quarter in the previous year, the company earned $1.43 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, analysts expect that Franco-Nevada Corporation will post 7.40 EPS for the current year.
Franco-Nevada Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, December 3rd. Franco-Nevada’s dividend payout ratio (DPR) is currently 23.01%.
Institutional Trading of Franco-Nevada
Institutional investors have recently modified their holdings of the business. DiPaolo Financial Group Inc. acquired a new stake in Franco-Nevada in the third quarter valued at $35,000. Allianz SE boosted its position in shares of Franco-Nevada by 4.5% during the 3rd quarter. Allianz SE now owns 17,817 shares of the basic materials company’s stock worth $4,252,000 after purchasing an additional 765 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its stake in shares of Franco-Nevada by 11.5% during the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 29,475 shares of the basic materials company’s stock worth $7,038,000 after purchasing an additional 3,050 shares during the period. Private Advisor Group LLC grew its stake in shares of Franco-Nevada by 130.4% during the 3rd quarter. Private Advisor Group LLC now owns 22,489 shares of the basic materials company’s stock worth $5,355,000 after purchasing an additional 12,728 shares during the period. Finally, Ieq Capital LLC increased its holdings in shares of Franco-Nevada by 6.5% in the 3rd quarter. Ieq Capital LLC now owns 4,172 shares of the basic materials company’s stock valued at $993,000 after purchasing an additional 253 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.
Franco-Nevada Company Profile
Franco-Nevada is a Toronto-based company that provides financing to mining and energy businesses in exchange for royalties, streams and other interests in production. Rather than operating mines itself, it gives partners capital and receives a share of revenue or future output from their projects. The company’s portfolio is focused on gold and other precious metals, and also includes interests in other minerals and energy assets, including oil and gas. Its projects and counterparties span multiple regions, including North and South America, Africa, Australia and Europe.
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