Nikon D3400 has a 24.0MP APS-C (23.5 x 15.6 mm ) sized CMOS sensor and features Expeed 4 processor. On the other hand, Panasonic FZ60 has a 16.0MP 1/2.3-inch (6.08 x 4.56 mm ) sized CMOS sensor .
Nikon D3400's sensor provides 8MP more than Panasonic FZ60's sensor, which gives a significant advantage in real life. You can print your images larger or crop more freely.
On the other hand, please keep in mind that Max sensor resolution is not the only determinant of resolving power. Factors such as the optical elements, low pass filter, pixel size and sensor technology also affects the final resolution of the captured image.
Another difference between these two cameras is that Nikon D3400's sensor lacks anti-alias (Low-Pass) filter. Removing anti-alias filter increases the sharpness and level of detail but at the same time, it increases the chance of moiré occurring in certain scenes.
Below you can see the D3400 and FZ60 sensor size comparison.
Sensor Size and Resolution Comparison image of Nikon D3400 and Panasonic FZ60 Cameras
As seen above, Nikon D3400 has a 13.2x Larger sensor area than Panasonic FZ60. Larger sensors give photographer more control on the depth of field and blurry background compared to smaller sensor when shot in same focal length and aperture.