Franco-Nevada (NYSE:FNV) Stock

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. The company holds a portfolio of assets, diversified by commodity, revenue type, and stage of a project, primarily located in the US, Canada, and Australia.

Market Vectors ETF Trust Market Vectors Gold Miners

GOLD

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RGLD


Gold prices repeatedly reached new highs in 2024 and are again nearing record levels. Multiple factors, including rising geopolitical tensions and the consequent demand for safe-haven assets, drive this upward trend.

The Best Way to Invest in Gold Is...

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GLDM

Gold prices plunged below the $1,650 mark in 2022, only to gain momentum in 2023 amid recession disquiets. Gold prices settled above $2000 an ounce last year, and registered 28 record-highs this year. 

Buy 3 Mining Stocks for Gold&#39;s Bullish Run

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Guidance

ICL Group Ltd (NYSE: ICL) recorded profits of $115 million or 9 cents per share in second-quarter 2024, down from $163 million or 13 cents in the year-ago quarter.

Barring one-time items, adjusted earnings per share were 10 cents. The bottom line beat the Zacks Consensus Estimate of 9 cents.

ICL Group&#39;s Earnings and Revenues Beat Estimates in Q2

Franco-Nevada Corp

FINNOVATE ACQUISITION CORP CL A

FINNOVATE ACQ CORP A by Finnovate Acquisition Corp.

Finnovate Acquisition Corp

FINNOVATE ACQUISITION CORP WT EXP

Finnovate Acquisition Corp Units (1 Ord Class A & 3/4 War)

Finnovate Acquisition Corp Warrants (30/09/2026)

It is payable on March 27, 2025 to shareholders of record on March 13, 2025.

Dividends

Franco-Nevada Increases Quarterly Dividend By 5.56% From $0.36 To $0.38 Per Share

HC Wainwright &amp; Co. analyst Heiko Ihle reiterates Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) with a Buy and maintains $155 price target.

Price Target

Reiteration

HC Wainwright & Co. Reiterates Buy on Franco-Nevada, Maintains $155 Price Target

Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX:<a class="ticker" href="https://www.benzinga.com/stock/FNV#TSX">FNV</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) is pleased to announce that it has entered into a comprehensive financing transaction with Discovery Silver Corporation ("Discovery") to support its proposed acquisition of the Porcupine Complex located near Timmins, Ontario from Newmont Corporation. The transaction includes: i)&nbsp;a 4.25% net smelter return royalty (the 'Royalty") for $300M, consisting of two tranches, on production from the Porcupine Complex, ii)&nbsp;a $100M senior secured term loan (the "Loan") available to be drawn by Discovery within two years of closing, and iii)&nbsp;approximately $49M of equity participation with a cornerstone investment in a concurrent C$225M (approximately $155M) Discovery equity raise. The financing package provides Discovery with proceeds to acquire the Porcupine Complex and fund the planned capital program for the Complex to achieve its full potential.

TSX:FNV

Franco-Nevada Backs Discovery Silver's Porcupine Complex Deal with $449M Financing Package

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Shares of stocks in the broader metals and mining sector are trading higher in possible sympathy with Rio Tinto and Glencore who announced discussions regarding a potential merger, the largest in mining industry history.

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) with a Buy and lowers the price target from $200 to $155.

HC Wainwright & Co. Maintains Buy on Franco-Nevada, Lowers Price Target to $155

Franco-Nevada Expands Portfolio With Sibanye-Stillwater's Western Limb Mining Operations In $500M Deal

Shares of stocks in the broader metals and mining sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Franco-Nevada shares are trading higher after UBS initiated coverage on the stock with a Buy rating and announced a $160 price target.

UBS analyst Daniel Major initiates coverage on Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) with a Buy rating and announces Price Target of $160.

Initiation

UBS Initiates Coverage On Franco-Nevada with Buy Rating, Announces Price Target of $160

USGO

Shares of precious metals stocks are trading lower as gold prices drop amid a rise in the US dollar.

Shares of precious metals stocks are trading lower as gold and silver drop amid a rise in the US dollar.

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SAND

Shares of metals and materials companies are trading lower. The sector may be reacting to China's recent stimulus efforts which have struggled to buoy the economy and business conditions.

Scotiabank analyst Tanya Jakusconek maintains Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) with a Sector Perform and lowers the price target from $142 to $141.

Scotiabank Maintains Sector Perform on Franco-Nevada, Lowers Price Target to $141

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) with a Buy and raises the price target from $185 to $200.

HC Wainwright & Co. Maintains Buy on Franco-Nevada, Raises Price Target to $200

Franco-Nevada shares are trading lower after the company reported worse-than-expected Q3 financial results.

Lower than expected gold production at Candelaria and slower ramp-ups at newly contributing mines have resulted in fewer Precious Metal GEOs than originally anticipated. In addition, record gold prices in the current year have impacted the conversion of non-gold revenue into GEOs.&nbsp;

Franco-Nevada Expects Full-year 2024 Revenue To Be $1.05B - $1.15B, Est $1.127B

Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) reported quarterly earnings of $0.80 per share which missed the analyst consensus estimate of $0.86 by 6.98 percent. This is a 12.09 percent decrease over earnings of $0.91 per share from the same period last year. The company reported quarterly sales of $275.70 million which missed the analyst consensus estimate of $283.50 million by 2.75 percent. This is a 10.92 percent decrease over sales of $309.50 million the same period last year.

Earnings Misses

Franco-Nevada Q3 2024 Adj EPS $0.80 Misses $0.86 Estimate, Sales $275.70M Miss $283.50M Estimate

Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) will release its quarterly earnings report on Wednesday, 2024-11-06. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Franco-Nevada to report an earnings per share (EPS) of $0.86.
Investors in Franco-Nevada are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Past Earnings Performance</h3>
During the last quarter, the company reported an EPS missed by $0.07, leading to a 6.42% drop in the share price on the subsequent day.
Here's a look at Franco-Nevada's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.82</td>
<td>0.72</td>
<td>0.84</td>
<td>0.89</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.75</td>
<td>0.76</td>
<td>0.90</td>
<td>0.91</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.0%</td>
<td>-1.0%</td>
<td>-3.0%</td>
<td>-0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730818903_0.png" alt="eps graph" />
<h3>Franco-Nevada Share Price Analysis</h3>
Shares of Franco-Nevada were trading at $132.01 as of November 04. Over the last 52-week period, shares are up 10.39%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/FNV/earnings">To track all earnings releases for Franco-Nevada visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Franco-Nevada

Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) is preparing to release its quarterly earnings on Wednesday, 2024-11-06. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Franco-Nevada to report an earnings per share (EPS) of $0.86.
Franco-Nevada bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Overview of Past Earnings</h3>
The company's EPS missed by $0.07 in the last quarter, leading to a 6.42% drop in the share price on the following day.
Here's a look at Franco-Nevada's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.82</td>
<td>0.72</td>
<td>0.84</td>
<td>0.89</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.75</td>
<td>0.76</td>
<td>0.90</td>
<td>0.91</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.0%</td>
<td>-1.0%</td>
<td>-3.0%</td>
<td>-0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730818897_0.png" alt="eps graph" />
<h3>Tracking Franco-Nevada's Stock Performance</h3>
Shares of Franco-Nevada were trading at $132.01 as of November 04. Over the last 52-week period, shares are up 10.39%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/FNV/earnings">To track all earnings releases for Franco-Nevada visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Franco-Nevada's Earnings

Shares of precious metals stocks are trading higher as gold and silver rise amid macro uncertainty, which has been attributed to Middle East conflict and the upcoming US presidential election.

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