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

Franco-Nevada (TSE:FNV) (NYSE:FNV) released its earnings results on Tuesday. The company reported C$3.31 earnings per share (EPS) for the quarter, FiscalAI reports. Franco-Nevada had a return on equity of 16.25% and a net margin of 61.07%.The firm had revenue of C$904.67 million for the quarter.

Franco-Nevada Trading Up 0.2%

Shares of FNV opened at C$325.64 on Wednesday. The company has a current ratio of 8.30, a quick ratio of 23.26 and a debt-to-equity ratio of 0.11. Franco-Nevada has a 12-month low of C$210.19 and a 12-month high of C$388.22. The firm has a 50-day moving average price of C$340.49 and a 200 day moving average price of C$318.14. The firm has a market capitalization of C$62.78 billion, a P/E ratio of 56.53, a P/E/G ratio of 5.00 and a beta of 0.97.

Wall Street Analysts Forecast Growth

FNV has been the topic of several analyst reports. Stifel Nicolaus increased their price target on Franco-Nevada from C$340.00 to C$380.00 in a research report on Tuesday, February 10th. National Bank Financial increased their price target on Franco-Nevada from C$380.00 to C$400.00 in a research report on Thursday, March 12th. BMO Capital Markets increased their price target on Franco-Nevada from C$370.00 to C$410.00 in a research report on Wednesday, April 22nd. Canadian Imperial Bank of Commerce increased their price target on Franco-Nevada from C$460.00 to C$480.00 in a research report on Wednesday, February 4th. Finally, Bank of America increased their target price on shares of Franco-Nevada from C$367.00 to C$384.00 in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$353.22.

About Franco-Nevada

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.