Franco-Nevada (TSE:FNV) Announces Earnings Results

Franco-Nevada (TSE:FNV) (NYSE:FNV) posted its earnings results on Tuesday. The company reported C$2.57 earnings per share for the quarter, FiscalAI reports. Franco-Nevada had a return on equity of 18.67% and a net margin of 65.14%.The firm had revenue of C$825.33 million during the quarter.

Franco-Nevada Stock Performance

Shares of Franco-Nevada stock traded down C$0.59 during trading hours on Tuesday, reaching C$334.84. The company’s stock had a trading volume of 400,497 shares, compared to its average volume of 391,398. The company’s 50 day simple moving average is C$302.75 and its 200 day simple moving average is C$326.03. Franco-Nevada has a one year low of C$239.56 and a one year high of C$388.22. The stock has a market cap of C$64.58 billion, a P/E ratio of 47.16, a price-to-earnings-growth ratio of 5.00 and a beta of 0.96.

Analyst Upgrades and Downgrades

FNV has been the topic of several recent research reports. Stifel Nicolaus boosted their price target on Franco-Nevada from C$380.00 to C$390.00 in a research report on Friday, July 17th. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. BMO Capital Markets upped their target price on Franco-Nevada from C$370.00 to C$410.00 in a research note on Wednesday, April 22nd. Finally, National Bank Financial raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating and raised their price target for the stock from C$410.00 to C$420.00 in a research note on Wednesday, May 13th. Three equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Franco-Nevada currently has an average rating of “Strong Buy” and an average price target of C$356.56.

Franco-Nevada Company Profile

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada’s short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.