Franco-Nevada Corporation (FNV) Issues Earnings Results
Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) released its earnings results on Tuesday. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25, Briefing.com reports. The company had revenue of $163.60 million for the quarter, compared to analyst estimates of $164.62 million. Franco-Nevada Corporation had a net margin of 21.17% and a return on equity of 4.35%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS.
Franco-Nevada Corporation (NYSE:FNV) traded up 0.21% on Tuesday, reaching $72.70. 705,497 shares of the company traded hands. Franco-Nevada Corporation has a 52-week low of $53.31 and a 52-week high of $81.16. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 95.53 and a beta of -0.03. The firm has a 50 day moving average price of $72.39 and a 200 day moving average price of $68.77.
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A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of Franco-Nevada Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Barclays PLC restated an “equal weight” rating and issued a $74.00 target price (up from $68.00) on shares of Franco-Nevada Corporation in a report on Tuesday, June 6th. Raymond James Financial, Inc. restated an “outperform” rating and issued a $85.00 target price on shares of Franco-Nevada Corporation in a report on Thursday, June 15th. Finally, Credit Suisse Group set a $78.00 target price on shares of Franco-Nevada Corporation and gave the company a “buy” rating in a report on Tuesday, July 18th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $77.86.
Franco-Nevada Corporation Company Profile
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
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