Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) issued its quarterly earnings data on Tuesday. The company reported C$3.31 earnings per share (EPS) for the quarter, FiscalAI reports. Franco-Nevada had a net margin of 61.07% and a return on equity of 16.25%. The firm had revenue of C$904.67 million for the quarter.
Franco-Nevada Stock Up 0.2%
Shares of FNV stock traded up C$0.66 during trading hours on Tuesday, reaching C$325.64. 529,775 shares of the stock were exchanged, compared to its average volume of 390,394. The business’s fifty day moving average is C$341.60 and its two-hundred day moving average is C$317.71. The firm has a market capitalization of C$62.78 billion, a P/E ratio of 56.53, a P/E/G ratio of 5.00 and a beta of 0.97. Franco-Nevada has a 12-month low of C$210.19 and a 12-month high of C$388.22. The company has a debt-to-equity ratio of 0.11, a current ratio of 8.30 and a quick ratio of 23.26.
Analyst Ratings Changes
FNV has been the subject of several research analyst reports. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Stifel Nicolaus upped their price objective on shares of Franco-Nevada from C$340.00 to C$380.00 in a report on Tuesday, February 10th. Canadian Imperial Bank of Commerce lifted their target price on shares of Franco-Nevada from C$460.00 to C$480.00 in a report on Wednesday, February 4th. BMO Capital Markets boosted their target price on Franco-Nevada from C$370.00 to C$410.00 in a research report on Wednesday, April 22nd. Finally, National Bank Financial raised their price target on Franco-Nevada from C$380.00 to C$400.00 in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$353.22.
About Franco-Nevada
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.
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