Franco-Nevada (FNV) Earnings Beat Estimates in Q1, Shares Gain [Yahoo! Finance]
Franco-Nevada Corporation (FNV)
Last franco-nevada corporation earnings: 3/9 05:00 pm
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franco-nevada.com/investors/default.aspx
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Source: Yahoo! Finance
This uptick was driven by the company's outstanding margin performance, supported by rising gold prices, despite experiencing year-over-year declines in revenues and earnings. Adjusted earnings of 76 cents per share beat the Zacks Consensus Estimate of 68 cents. The 4% year-over-year decline in its bottom line was mainly attributed to lower Gold Equivalent Ounces (GEOs) sold in the quarter. Notably, FNV's adjusted net income margin came in at 56.9% in the first quarter of 2024, indicating a year-over-year expansion of 180 basis points. The company generated revenues of $257 million in the reported quarter, down 7.1% year over year. Increased gold prices were offset by fewer GEOs sold in the quarter. In the March-end quarter, 78.7% of revenues were sourced from Precious Metal assets (62.7% gold, 9.7% silver and 3.1% platinum group metals). FNV sold 93,018 GEOs from Precious Metal assets in the reported quarter, down 16% from the prior-year quarter. The downside was due to lower d
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News
- EMX Royalty Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Franco-Nevada Co. (NYSE: FNV) had its price target raised by analysts at HC Wainwright from $175.00 to $185.00. They now have a "buy" rating on the stock.MarketBeat
- Franco-Nevada Corporation (NYSE:FNV) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Franco-Nevada First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Franco-Nevada Announces Election of Directors [Yahoo! Finance]Yahoo! Finance
FNV
Earnings
- 5/1/24 - Beat
FNV
Sec Filings
- 5/2/24 - Form 6-K
- 5/1/24 - Form 6-K
- 4/17/24 - Form 6-K
- FNV's page on the SEC website