Franco-Nevada (NYSE:FNV) Issues Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Franco-Nevada (NYSE:FNVGet Free Report) (TSE:FNV) issued its quarterly earnings data on Tuesday. The basic materials company reported $1.81 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.14), Zacks reports. Franco-Nevada had a net margin of 65.12% and a return on equity of 18.10%.

Franco-Nevada Stock Up 0.1%

NYSE FNV traded up $0.16 on Tuesday, hitting $241.06. The company’s stock had a trading volume of 702,485 shares, compared to its average volume of 857,395. The company’s 50-day moving average is $215.22 and its 200 day moving average is $235.73. The firm has a market cap of $46.49 billion, a PE ratio of 33.95, a PEG ratio of 2.01 and a beta of 0.35. Franco-Nevada has a 1-year low of $173.39 and a 1-year high of $285.67.

Institutional Investors Weigh In On Franco-Nevada

A number of institutional investors have recently made changes to their positions in FNV. Qtron Investments LLC acquired a new position in shares of Franco-Nevada in the fourth quarter worth approximately $228,000. Exit Wealth Advisors LLC. acquired a new stake in Franco-Nevada during the 3rd quarter valued at approximately $224,000. DRW Securities LLC acquired a new stake in Franco-Nevada during the 4th quarter valued at approximately $221,000. Equitable Holdings Inc. bought a new position in Franco-Nevada during the 3rd quarter worth approximately $211,000. Finally, Brown Brothers Harriman & Co. raised its holdings in Franco-Nevada by 10.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 971 shares of the basic materials company’s stock worth $201,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

FNV has been the topic of a number of research reports. HC Wainwright reaffirmed a “buy” rating and set a $305.00 target price on shares of Franco-Nevada in a research note on Wednesday, May 13th. Bank of America dropped their price target on Franco-Nevada from $276.00 to $238.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Zacks Research lowered Franco-Nevada from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating and set a $291.00 target price for the company in a research report on Wednesday, May 20th. Finally, Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday, April 29th. Eleven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Franco-Nevada presently has an average rating of “Moderate Buy” and a consensus target price of $273.40.

Check Out Our Latest Report on Franco-Nevada

Franco-Nevada Company Profile

(Get Free Report)

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.

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Earnings History for Franco-Nevada (NYSE:FNV)

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