Franco-Nevada (NYSE:FNV) Announces Quarterly Earnings Results

Franco-Nevada (NYSE:FNV) (TSE:FNV) posted its quarterly earnings data on Tuesday. The basic materials company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03), Briefing.com reports. The firm had revenue of $260.10 million for the quarter, compared to analysts’ expectations of $277.44 million. Franco-Nevada had a positive return on equity of 10.81% and a negative net margin of 39.88%. The firm’s quarterly revenue was down 21.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 earnings per share.

Franco-Nevada Stock Down 5.4 %

Shares of FNV stock traded down $6.69 on Wednesday, hitting $118.28. The stock had a trading volume of 146,453 shares, compared to its average volume of 654,388. The company has a market cap of $22.76 billion, a PE ratio of -50.22, a P/E/G ratio of 21.14 and a beta of 0.74. The business has a 50 day moving average price of $122.13 and a 200 day moving average price of $118.70. Franco-Nevada has a one year low of $102.29 and a one year high of $146.43.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. HC Wainwright boosted their target price on shares of Franco-Nevada from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Scotiabank boosted their target price on shares of Franco-Nevada from $140.00 to $141.00 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd. Bank of America boosted their target price on shares of Franco-Nevada from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Finally, Jefferies Financial Group boosted their target price on shares of Franco-Nevada from $129.00 to $133.00 and gave the company a “hold” rating in a research note on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $152.33.

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.