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.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/08/08/franco-nevada-corporation-fnv-issues-earnings-results.html.

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.

Earnings History for Franco-Nevada Corporation (NYSE:FNV)

Receive News & Ratings for Franco-Nevada Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada Corporation and related companies with MarketBeat.com's FREE daily email newsletter.