Franco-Nevada (TSE:FNV) Posts Earnings Results

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

Franco-Nevada Price Performance

Shares of FNV stock opened at C$360.48 on Thursday. 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 12-month low of C$199.61 and a 12-month high of C$388.22. The firm has a fifty day moving average of C$340.93 and a 200-day moving average of C$302.03. The firm has a market capitalization of C$69.49 billion, a price-to-earnings ratio of 75.57, a price-to-earnings-growth ratio of 5.00 and a beta of 0.81.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FNV. Royal Bank Of Canada upgraded shares of Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 target price on the stock in a research report on Wednesday, December 10th. Stifel Nicolaus increased their price objective on Franco-Nevada from C$340.00 to C$380.00 in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce upped their price target on Franco-Nevada from C$460.00 to C$480.00 in a research note on Wednesday, February 4th. Canaccord Genuity Group cut Franco-Nevada from a “buy” rating to a “hold” rating and raised their price target for the company from C$350.00 to C$380.00 in a report on Monday, January 26th. Finally, UBS Group lifted their price objective on Franco-Nevada from C$260.00 to C$270.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$328.75.

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.