Franco-Nevada (TSE:FNV) Posts Earnings Results

Franco-Nevada (TSE:FNV) (NYSE:FNV) posted its quarterly earnings results on Tuesday. The company reported C$3.86 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$819.83 million during the quarter. Franco-Nevada had a net margin of 59.48% and a return on equity of 14.21%.

Franco-Nevada Price Performance

Shares of FNV traded down C$0.51 during mid-day trading on Tuesday, reaching C$356.88. 304,203 shares of the company’s stock were exchanged, compared to its average volume of 423,815. The company has a quick ratio of 23.26, a current ratio of 4.64 and a debt-to-equity ratio of 0.12. Franco-Nevada has a 52-week low of C$199.61 and a 52-week high of C$388.22. The company has a market cap of C$68.80 billion, a price-to-earnings ratio of 74.82, a PEG ratio of 5.00 and a beta of 0.81. The company has a 50-day simple moving average of C$337.98 and a two-hundred day simple moving average of C$300.90.

Analyst Ratings Changes

FNV has been the subject of a number of analyst reports. Royal Bank Of Canada raised shares of Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 price target on the stock in a research note on Wednesday, December 10th. Stifel Nicolaus boosted their price objective on shares of Franco-Nevada from C$340.00 to C$380.00 in a report on Tuesday, February 10th. Canadian Imperial Bank of Commerce upped their target price on shares of Franco-Nevada from C$460.00 to C$480.00 in a research report on Wednesday, February 4th. Canaccord Genuity Group cut shares of Franco-Nevada from a “buy” rating to a “hold” rating and increased their target price for the company from C$350.00 to C$380.00 in a report on Monday, January 26th. Finally, UBS Group lifted their price target on shares of Franco-Nevada from C$260.00 to C$270.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Franco-Nevada currently has a consensus rating of “Moderate Buy” and an average target price of C$316.11.

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.