Franco-Nevada Corporation (FNV) was Initiated by BofA/Merrill to “Buy”. BofA/Merrill advised their investors in a research report released on Aug 9, 2016.
Many Wall Street Analysts have commented on Franco-Nevada Corporation. Company shares were Reiterated by Barclays on Aug 8, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 75 from a previous price target of $65 .
On the company’s financial health, Franco-Nevada Corporation reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.20. The company had revenue of $150.90 million for the quarter, compared to analysts expectations of $148.77 million. The company’s revenue was up 37.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.
Franco-Nevada Corporation opened for trading at $77.11 and hit $78.4 on the upside on Monday, eventually ending the session at $77.63, with a gain of 0.67% or 0.52 points. The heightened volatility saw the trading volume jump to 5,66,266 shares. Company has a market cap of $13,800 M.
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company’s business model provides investors with gold price and exploration optionality. The Company has a diversified portfolio of royalties and streams by commodity geography revenue type and stage of project. Its assets include Gold (United States) Gold (Canada) Gold (Australia) Gold (Rest of World) Platinum Group Metals Other Minerals and Oil and Gas. The Company’s projects under each of this location include Goldstrike complex Gold Quarry Marigold Pinson Sterling Sandman Robinson Sudbury basin Golden Highway Musselwhite Hemlo Hardrock Duketon Henty Red October Edna May Wiluna Palmarejo Sabodla Subika Edikan Cerro Moro Ity Gurupi Volcan Stillwater Complex Pandora Peculiar Knob Mt Keith King Vol Flying Fox Weyburn unit Midale unit Edson property and among others.