| Franco-Nevada misses 1Q profit forecasts | |
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TORONTO (AP) _ Franco-Nevada Corp. (FNV) on Wednesday reported first-quarter profit of $19.2 million.
The Toronto-based company said it had net income of 12 cents per share. Earnings, adjusted for one-time gains and costs, were 15 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The precious metals streaming and royalty company posted revenue of $109.2 million in the period.
Franco-Nevada shares have risen slightly more than 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $52.85, a climb of 6.5 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FNV at http://www.zacks.com/ap/FNV
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Keywords: Franco-Nevada, Earnings Report
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Franco Nevada Corp.
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PRODUCER |
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CODE : FNV.TO |
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Asset profileContact Cpy |
Franco Nevada is a zinc and lead royalty company based in Canada. Franco Nevada produces zinc, lead, copper, gold, nickel, pgm, platinum, silver and uranium in Australia, in Canada, in Ghana, in Indonesia, in Mauritania, in Mexico, in South Africa and in USA, develops copper, gold, lead, molybdenum, nickel, silver and zinc in Canada, in Dominican Republic and in Greece, and holds various exploration projects in Argentina and in Australia. Its main assets in production are BALD MOUNTAIN in USA, HEMLO, HOLLISTER, ROBINSON (NEVADA) and HOLLOWAY in Canada, NORTH LANUT and MT. MURO in Indonesia, EZULWINI, MARIGOLD, MESQUITE, PANDORA JV and (MWS) BUFFELSFONTEIN TAILING PROJECT in South Africa, TASIAST in Mauritania, CERRO SAN PEDRO, PALMAREJO, GOLDSTRIKE and STILLWATER MINE in Mexico, MOUNT KEITH - OC and MOUNT KEITH - SP in Australia and AHAFO SOUTH in Ghana, its main assets in development are DEE PROJECT, TULSEQUAH CHIEF, ROSEMONT RANCH and PROSPERITY in Canada, PERAMA HILL in Greece and FALCONDO MINE in Dominican Republic and its main exploration properties are DETOUR LAKE, EDSON, WEYBURN UNIT and MIDALE UNIT in Canada, TARICORI and PINSON in Peru, PECULIAR KNOB, ADMIRAL HILL and MOOLART WELL in Australia and CALCATREU in Argentina. Franco Nevada is listed in Canada and in United States of America. Its market capitalisation is CA$ 29.9 billions as of today (US$ 21.7 billions, € 20.4 billions). Its stock quote reached its lowest recent point on March 08, 2019 at CA$ 100.00, and its highest recent level on April 18, 2024 at CA$ 167.53. Franco Nevada has 178 480 000 shares outstanding. |