|Bid||0.00 x 900|
|Ask||0.00 x 1100|
|Day's Range||142.89 - 144.36|
|52 Week Range||103.21 - 166.11|
|Beta (5Y Monthly)||0.50|
|PE Ratio (TTM)||84.19|
|Earnings Date||Aug 03, 2021 - Aug 09, 2021|
|Forward Dividend & Yield||1.20 (0.84%)|
|Ex-Dividend Date||Mar 10, 2021|
|1y Target Est||81.27|
Franco-Nevada (FNV) delivered earnings and revenue surprises of 6.33% and -1.23%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
"Franco-Nevada's diversified portfolio outperformed in the first quarter generating record revenues and an 85% Adjusted EBITDA Margin," stated Paul Brink, President and CEO. "Antamina, Cobre Panama, and Hemlo made strong contributions along with our Energy assets that benefitted from a recovery in prices. We were delighted, post quarter-end, to acquire the Vale Royalty Debentures that, along with our Labrador Iron Ore Royalty Company investment, add to our base of low-risk long-life cash flow. The transaction adds to the diversity of our portfolio while it remains more than 80% precious metals focused. Following the acquisition, we have revised our guidance and outlook and now expect 25% growth in revenue over the next five years. Our primary focus is on adding further precious metal assets to the portfolio."
The Zacks Analyst Blog Highlights: Middlesex Water Co, MYR Group, California Water Service, Newmont Corp and Franco-Nevada Corp