Franco-Nevada Corp $ 118.08 0.17 (0.14%)
FNV News and Headlines - Franco-Nevadarp
The share price of Franco-Nevada Corp. (FVN) rose 3.5% to $99.10 in extended trading on Monday following the release of third-quarter financial and operating results after the closing bell.
The Toronto-based gold royalty and stream company topped forecasters' expectations on adjusted earnings per share and revenue. The adjusted earnings per share was a record 54 cents (up 86.2% year over year) versus estimates of 45 cents per share. Third-quarter revenue came in at a record of $235.7 million in 2019 compared to $170.6 million in 2018 and projections of $223.73 million.
Third-quarter revenue was generated by gold and gold equivalents
The Financial Times reported on Monday that Bridgewater Associates' Pure Alpha Fund returned -4.9% during the first half of the year as “global equity and bond markets bounced on hopes of looser monetary policy.” Despite this, the fund pared some of its losses and is down just -1.45% in the year to mid-July, someone close to the fund told the publication.
The Financial Times also said while the fund “declined to comment” on the poor performance, its decline in January suggests it “went into the new year expecting further turbulence” following the December 2018
Shares of Franco-Nevada Corp. (FNV) fell 0.91% to $74.99 in after-hours trading on Tuesday after reporting financial results for the final quarter of 2018.
The Toronto-based gold royalty and stream company missed consensus estimates by 2 cents, posting adjusted earnings of 24 cents per share. Earnings declined 14.3% from the prior-year quarter.
Revenue declined 11.4% year over year to $148.2 million, missing consensus expectations by $9.17 million.
Franco-Nevada also reported figures for full fiscal 2018.
Revenue of $653.2 million, which declined 3.2% from 2017, was generated from the sale of 447,902 ounces of gold equivalent as well as from oil,
The chairman, chief executive officer, chief investment officer and co-founder of Horizon Kinetics LLC., Murray Stahl (Trades, Portfolio), bought shares of the following stocks during the fourth quarter.
The guru's Cheniere Energy Inc. (LNG) stake was boosted 3,596.63%, impacting the equity portfolio by 0.49%.
The company, which operates in LNG-related businesses, has a market cap of $16.32 billion and an enterprise value of $45.3 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on assets of 1.84% is underperforming 87% of companies
As the U.S. Federal Reserve has promised to be patient with increases in the federal funds rate going forward, commodities, which have been under pressure, have found some relief.
As one of the top commodies affected by interest rates, gold is currently uptrending on the London Bullion market. One troy ounce jumped 3.3% to $1,310 on Feb. 7 from the average of $1,268.49 for 2018.
Investors should take advantage of this shift by investing directly in the commodity or through gold futures. Another option is buying shares of public, gold-backed exchange-traded funds. Since the market capitalizations of these funds
EMX Royalty (EMX) is a prospect generator growing organically into a royalty company structure. Instead of acquiring royalties through deals, it is building up a portfolio through prospecting work. Occasionally it also buys royalties but believes these are hard to find at a reasonable price.
The balance sheet is already very strong as is often the case with small royalty upstarts. But the latest financials do not reflect several key events.
- The company received $65 million in cash tied to the IG Copper sale. It will receive another $4
Franco-Nevada Corp. (FNV) closed 1.66% higher at $65.51 per share on the New York Stock Exchange on Nov. 6 after releasing results for the third quarter.
The Toronto-based gold royalty and stream company topped consensus on earnings and revenue.
Franco-Nevada closed the quarter reporting non-GAAP earnings of 29 cents per share and GAAP earnings of 28 cents per share, while consensus was for non-GAAP earnings of 26 cents per share and GAAP earnings of 25 cents per share.
Revenue came in at $170.6 million, a 0.5% decline from the prior-year quarter. Analysts projected revenue of $159.2 million.
The miner sold
Franco-Nevada Corp. (FNV) was flat on second quarter revenue of $161.3 million and adjusted net profit of 29 cents per share. At the end of regular hours trading on Thursday Aug. 9, the share price was $72.18, a 0.24% upside from the previous day. The company provided the earnings announcement on its website.
The revenue was 1.4% lower compared to the same quarter of last year. Franco-Nevada Corp. missed consensus by $8.75 million. The revenue was the result of the sale of 107,333 ounces of equivalent gold at a price of $1,291.31 per ounce. The royalties earned on
Franco-Nevada Corp. (FNV) and Continental Resources, Inc. have struck a deal to jointly acquire mineral rights in gas plays in the Anadarko basin of Oklahoma.
The two companies are expected to purchase rights to the South Central Oklahoma Oil Province, known as SCOOP, and the Sooner Trend Anadarko Basin Canadian and Kingfisher Counties, or STACK. Continental operates in those locations while its subsidiary is the owner of the existing mineral rights.
Franco-Nevada Corp. has committed an initial $220 million for the investment. The agreement also requires that Franco-Nevada Corp. annually invest up to $100 million for the purchase of
Franco-Nevada Corporation (FNV) fell 1.21% to $73.38 per share on May 11 after a slight decline in the revenue for the first quarter of 2018.
Despite a new record, Franco-Nevada Corp’s quarterly turnover was, at $173.1 million, 0.2% lower than the previous year quarter.
The yellow metal accounted for 68.3% of Franco-Nevada Corp’s first quarter revenue, silver for 13.6%, Platinum Group of Metals segment for 5.4%, other minerals for 1.7% and the oil & gas segment for about 11%. The Americas contributed for 80.6% to the total revenue.
In the first quarter of 2018, Franco-Nevada Corporation sold 113,401 ounces of
The performance of gold bullion and its respective ETF the SPDR Gold Trust (GLD) in 2018 is best described as tepid. Fortunately for gold bugs, the price of this precious metal has stabilized in 2018, as is evident from the 30-day performance (+ $30.70 or 2.33%), and its six-month performance (+ $67.60 or 5.28%).
At the time of writing, gold was trading a smidgen under the critical $1,350 level, in a relatively tight range between $1,320 and $1,355. That represents a mere 2.65% variance from the base figure.
In fact, a graphic of the gold price is reflective of
With a volume of 497,745 ounces of gold equivalent, Franco-Nevada Corp. (FNV) achieved another annual sales record, the company reported. But the Canadian gold royalty stock tumbled $3.11 per share, down 4%, after falling short on net profit and revenue expectations for the fourth quarter.
With a stock price around $67.69, Franco-Nevada becomes a more convenient buy. The drawdown has pushed the stock below the 200-SMA line.
According to the chart powered by GuruFocus, for the 52-weeks through Thursday, Franco-Nevada Corp. gained and outperformed by 9% the Van Eck Vectors Gold Miners (ETF).
Following the general collapse in the U.S. equity markets, Franco-Nevada Corp. (FNV) has lost as much as 4.6% and is now trading at the mid-April 2017 level of $69.03 per share.
As a result, Franco-Nevada Corp represents an incredible buying opportunity because it is trading far below the 200, 100 and 50-SMA line. The current share price is 5.5% below the midst of a $60.10 to $86.06 52-week range and the Relative Strength Indicator (14-days) is 21.13 of a 20 to 80 range, nearly reaching the so-called “oversold levels”. In addition, analysts predict a 17% growth in the market value
Franco-Nevada (FNV) has inked an agreement to purchase a certain percentage of Korea Resources Corp for production at Cobre Panama once the project gets underway.
Korea Resources Corp. holds a 10% indirect stake in Cobre Panama and the stream’s fixed price is $178 million.
The terms of the streaming agreement with Korea Resources Corp. are the same as the $178 million agreement that was announced by Franco-Nevada in Sept. 2017. It is related to a 10% interest acquisition of First Quantum Minerals from LS-Nikko Copper.
Franco-Nevada says that it will have streaming interests covering 100% of the Cobre Panama’s
Franco-Nevada Corp. (FNV) beat expectations on third-quarter earnings and revenue.
The Canadian gold royalty and streaming company closed the quarter with an adjusted EPS of 30 cents versus a forecasted figure of 25 cents.
The beat produced a 20% positive surprise.
The EPS of 30 cents or the net profit – adjusted to one-time charges – of $55.3 million was almost in line with the bottom line of the previous year.
Third-quarter earnings were dropped from a top-line figure for revenue of $171.5 million, which represents a 0.3% decline from the comparable of 2016 and a $4.43
I was screening for publicly U.S.-traded companies that operate in the gold and silver stock industry either as a producer or a royalty operator and streamer and that are characterized by having an EBITDA margin (earnings before interest, tax, depreciation and amortization divided by total revenue) greater than 75%, when I ended up with one stock in particular: Franco-Nevada Corp. (FNV).
Franco-Nevada is a Canadian gold royalty and streaming company with operations in North America, in Mexico, in South America – Peru and Chile – and in Africa.
Gold royalties – even though the yellow metal with
According to its operating and financial report for the second quarter of fiscal 2017, Franco-Nevada Corp. (FNV) is going ex-dividend Thursday.
The U.S. gold royalty and stream company announced a quarterly dividend of 23 cents per share, which is in line with the previous one that was paid on June 29 and is a 4.5% increase from the quarterly dividend of 22 cents that Franco-Nevada paid on March 30.
The company increased the annual dividend for its shareholders 10 times in a row.
Franco-Nevada will pay the interim dividend to its shareholders on Sept. 28.
Based on the
Franco-Nevada Corp. (FNV) – the Canadian precious metal royalty and streaming company, one of the best-known players in the industry – released its financial results for the second quarter of fiscal 2017.
With an adjusted EPS of 25 cents and an adjusted to one-time charges net profit of $46.1 million, Franco-Nevada beat expectations by 1 cent and produced a positive surprise of 20% since analysts forecasted the company would close the quarter with an EPS of 24 cents.
Source: Yahoo Finance
Actual EPS – adjusted to one-time charges –
I had the opportunity to chat with Frank Holmes of U.S. Global Investors. The fund manager has launched a new gold exchange-traded fund, GOAU (GOAU). The ETF focuses on gold royalty companies and stocks with certain quantitative qualities such as revenue per share. We discussed what to be careful of when buying gold miners.
Holmes made several comparisons to VanEck Vectors Gold Miners (GDX) and VanEck Vectors Junior Gold Miners (GDXJ), the largest gold mining ETFs. I wrote an article the other day on Seeking Alpha about how the latter has changed from a junior gold mining ETF to
Franco-Nevada Corp. (FNV) will release its financial and operating results for the second quarter of fiscal 2017 after the market closes on Aug. 8.
For the second quarter, analysts forecast the gold royalty and stream company will post EPS of 24 cents on average, ranging between a low of 23 cents and a high of 26 cents.
Source: Yahoo Finance
Revenue is expected to come in at $159.35 million, a 5.60% increase year over year. Estimates range between a low of $155 million and a high of $165.05 million.
Source: Yahoo Finance