Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) announced its quarterly earnings results on Wednesday. The company reported C$2.69 earnings per share (EPS) for the quarter, FiscalAI reports. Franco-Nevada had a return on equity of 18.95% and a net margin of 63.83%. The company had revenue of C$781.99 million during the quarter.
Franco-Nevada Price Performance
TSE FNV opened at C$354.26 on Thursday. The firm’s 50-day moving average is C$349.41 and its two-hundred day moving average is C$333.45. Franco-Nevada has a 12 month low of C$265.92 and a 12 month high of C$388.22. The stock has a market capitalization of C$68.33 billion, a P/E ratio of 46.31, a PEG ratio of 5.00 and a beta of 0.97.
Insider Buying and Selling at Franco-Nevada
In other news, insider Sandip Rana sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$344.87, for a total transaction of C$3,448,700.00. Following the completion of the transaction, the insider directly owned 60,274 shares in the company, valued at C$20,786,694.38. This trade represents a 14.23% decrease in their ownership of the stock. Insiders own 0.69% of the company’s stock.
Analyst Ratings Changes
Separately, Stifel Nicolaus boosted their price objective on 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 issued a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy” and an average price target of C$375.50.
Get Our Latest Stock Report on FNV
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.
Further Reading
- Five stocks we like better than Franco-Nevada
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Receive News & Ratings for Franco-Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada and related companies with MarketBeat.com's FREE daily email newsletter.
