Franco-Nevada (TSE:FNV) Releases Earnings Results

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

Franco-Nevada Stock Down 0.2%

Shares of FNV stock opened at C$334.84 on Wednesday. The stock has a 50-day moving average price of C$302.92 and a 200 day moving average price of C$325.94. The firm has a market cap of C$64.58 billion, a price-to-earnings ratio of 47.16, a PEG ratio of 5.00 and a beta of 0.96. Franco-Nevada has a 12 month low of C$239.56 and a 12 month high of C$388.22.

Analyst Upgrades and Downgrades

FNV has been the subject of several research analyst reports. National Bank Financial upgraded Franco-Nevada from a “hold” rating to a “strong-buy” rating and lifted their price objective for the company from C$410.00 to C$420.00 in a research report on Wednesday, May 13th. Stifel Nicolaus lifted their price target on Franco-Nevada from C$380.00 to C$390.00 in a report on Friday, July 17th. BMO Capital Markets upped their price target on shares of Franco-Nevada from C$370.00 to C$410.00 in a research report on Wednesday, April 22nd. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. Finally, Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. 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. According to data from MarketBeat, Franco-Nevada has a consensus rating of “Strong Buy” and a consensus 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.