Franco-Nevada (NYSE:FNV) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Franco-Nevada (NYSE:FNV) (TSE:FNV) announced its earnings results 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. Franco-Nevada had a positive return on equity of 10.81% and a negative net margin of 39.88%. The company had revenue of $260.10 million for the quarter, compared to analyst estimates of $277.44 million. During the same quarter last year, the business posted $0.95 earnings per share. The business’s quarterly revenue was down 21.2% on a year-over-year basis.

Franco-Nevada Stock Down 8.2 %

FNV traded down $10.23 during trading hours on Wednesday, hitting $114.74. The stock had a trading volume of 1,288,187 shares, compared to its average volume of 661,706. The company’s fifty day simple moving average is $122.13 and its 200 day simple moving average is $118.70. Franco-Nevada has a 1 year low of $102.29 and a 1 year high of $146.43. The stock has a market cap of $22.08 billion, a PE ratio of -47.24, a price-to-earnings-growth ratio of 21.14 and a beta of 0.74.

Analyst Ratings Changes

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