Franco-Nevada (TSE:FNV) Releases Quarterly Earnings Results

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

Franco-Nevada Stock Performance

Shares of FNV stock opened at C$329.39 on Thursday. Franco-Nevada has a fifty-two week low of C$240.45 and a fifty-two week high of C$388.22. The company has a 50 day moving average price of C$303.13 and a 200 day moving average price of C$325.75. The stock has a market capitalization of C$63.52 billion, a P/E ratio of 46.39, a price-to-earnings-growth ratio of 5.00 and a beta of 0.96.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FNV. BMO Capital Markets lifted their price objective on Franco-Nevada from C$370.00 to C$410.00 in a research report on Wednesday, April 22nd. National Bank Financial raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating and upped their price objective for the company from C$410.00 to C$420.00 in a report on Wednesday, May 13th. Stifel Nicolaus upped their price objective on shares of Franco-Nevada from C$380.00 to C$390.00 in a report on Friday, July 17th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, Franco-Nevada has an average rating of “Strong Buy” and an average target price 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.