Franco-Nevada Corporation(NYSE:FNV) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $155.300M. Analysts estimated a revenue of $154.470M. The revenues were 0.54% above the estimates. Earnings per share were $0.24. The reported EPS was above estimates by 14.29%. Analysts had estimated an EPS of $0.21.
Franco-Nevada Corporation (FNV) shares turned negative on Fridays trading session with the shares closing down -0.37 points or -0.57% at a volume of 5,24,925. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $65.08. The peak price level was also seen at $65.08 while the days lowest was $64.26. Finally the shares closed at $64.58. The 52-week high of the shares is $81.16 while the 52-week low is $53.31. According to the latest information available, the market cap of the company is $12,766 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.