Franco-Nevada (TSE:FNV) Announces Earnings Results

Franco-Nevada (TSE:FNV) (NYSE:FNV) announced its quarterly earnings data on Wednesday. The company reported C$2.69 EPS for the quarter, FiscalAI reports. Franco-Nevada had a net margin of 63.83% and a return on equity of 18.95%. The business had revenue of C$781.99 million during the quarter.

Franco-Nevada Price Performance

TSE FNV traded down C$8.83 during trading hours on Wednesday, reaching C$354.26. The company’s stock had a trading volume of 299,335 shares, compared to its average volume of 373,303. The firm has a market capitalization of C$68.33 billion, a price-to-earnings ratio of 46.31, a P/E/G ratio of 5.00 and a beta of 0.97. Franco-Nevada has a 1-year low of C$265.92 and a 1-year high of C$388.22. The company’s 50-day moving average is C$349.41 and its two-hundred day moving average is C$333.45.

Insider Transactions at Franco-Nevada

In other Franco-Nevada news, insider Sandip Rana sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of C$344.87, for a total value of C$3,448,700.00. Following the sale, the insider directly owned 60,274 shares of the company’s stock, valued at approximately C$20,786,694.38. This trade represents a 14.23% decrease in their ownership of the stock. Corporate insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus increased their price objective on shares of Franco-Nevada from C$390.00 to C$410.00 and gave the stock a “buy” rating in a research note on Monday, October 19th. Three equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and a consensus price target of C$375.50.

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.