Franco-Nevada (TSE:FNV) Announces Earnings Results

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

Franco-Nevada Stock Up 1.3%

TSE:FNV opened at C$329.87 on Thursday. Franco-Nevada has a 1-year low of C$210.19 and a 1-year high of C$388.22. The company has a 50-day moving average of C$339.49 and a 200 day moving average of C$318.58. The firm has a market cap of C$63.60 billion, a PE ratio of 57.27, a price-to-earnings-growth ratio of 5.00 and a beta of 0.97. The company has a debt-to-equity ratio of 0.11, a current ratio of 8.30 and a quick ratio of 23.26.

Wall Street Analyst Weigh In

FNV has been the topic of a number of analyst reports. Stifel Nicolaus boosted their price objective on shares of Franco-Nevada from C$340.00 to C$380.00 in a research report on Tuesday, February 10th. Bank of America boosted their price objective on shares of Franco-Nevada from C$367.00 to C$384.00 in a research report on Thursday, February 26th. Canadian Imperial Bank of Commerce boosted their target price on shares of Franco-Nevada from C$460.00 to C$480.00 in a research note on Wednesday, February 4th. 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, BMO Capital Markets boosted their target price on shares of Franco-Nevada from C$370.00 to C$410.00 in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$353.22.

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.