Franco-Nevada (NYSE:FNV) Announces Earnings Results

Franco-Nevada (NYSE:FNV) (TSE:FNV) issued its earnings results on Wednesday. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03), Briefing.com reports. Franco-Nevada had a positive return on equity of 10.56% and a negative net margin of 51.64%. The company had revenue of $275.70 million for the quarter, compared to analyst estimates of $279.11 million. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was down 10.9% on a year-over-year basis.

Franco-Nevada Stock Down 4.4 %

NYSE:FNV traded down $5.77 during trading hours on Thursday, reaching $126.41. 1,226,720 shares of the stock were exchanged, compared to its average volume of 654,886. Franco-Nevada has a twelve month low of $102.29 and a twelve month high of $137.60. The business has a 50-day moving average of $126.57 and a two-hundred day moving average of $124.09. The company has a market capitalization of $24.33 billion, a price-to-earnings ratio of -43.48, a PEG ratio of 22.08 and a beta of 0.75.

Franco-Nevada Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.44 annualized dividend and a yield of 1.14%. Franco-Nevada’s dividend payout ratio (DPR) is presently -47.37%.

Analyst Ratings Changes

FNV has been the topic of a number of recent research reports. Bank of America lowered Franco-Nevada from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $142.00 to $139.00 in a research note on Tuesday, October 1st. HC Wainwright reissued a “buy” rating and issued a $185.00 price objective on shares of Franco-Nevada in a report on Friday, August 16th. StockNews.com raised shares of Franco-Nevada from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, TD Cowen upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $154.57.

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.