Franco-Nevada (NYSE:FNV) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Franco-Nevada (NYSE:FNV) (TSE:FNV) announced its earnings results on Wednesday. The basic materials company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.08, Briefing.com reports. The business had revenue of $256.80 million during the quarter, compared to the consensus estimate of $250.50 million. Franco-Nevada had a negative net margin of 38.26% and a positive return on equity of 10.61%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 earnings per share.

Franco-Nevada Stock Down 0.7 %

Shares of NYSE:FNV traded down $0.85 on Thursday, reaching $120.98. 779,189 shares of the company’s stock were exchanged, compared to its average volume of 732,652. The firm has a market capitalization of $23.27 billion, a price-to-earnings ratio of -49.76, a PEG ratio of 6.14 and a beta of 0.72. Franco-Nevada has a fifty-two week low of $102.29 and a fifty-two week high of $161.25. The business’s 50-day moving average is $116.13 and its two-hundred day moving average is $115.34.

Analysts Set New Price Targets

Several analysts recently issued reports on FNV shares. Raymond James upped their price target on shares of Franco-Nevada from $138.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Jefferies Financial Group upped their price target on shares of Franco-Nevada from $117.00 to $129.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Scotiabank upped their price target on shares of Franco-Nevada from $139.00 to $140.00 and gave the company a “sector perform” rating in a report on Thursday, April 18th. Bank of America cut their price target on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Finally, TheStreet cut shares of Franco-Nevada from a “c+” rating to a “d+” rating in a report on Tuesday, March 5th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Franco-Nevada presently has an average rating of “Hold” and a consensus target price of $148.60.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.