Franco-Nevada (FNV)

Re: Franco-Nevada (FNV)

Postby winston » Fri Feb 14, 2020 8:39 pm

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International Growth Play #2: Franco Nevada (FNV)

International growth plays come in all shapes and sizes, but most resource companies are headquartered in Canada. With a strong rule of law favorable to mining operations, it’s a good place for investors to get started in diversifying away from the dollar.

We’re no stranger to the company, as it’s a great resource play. The best part about it is the business model, which relies on royalties. Thanks to this structure, it’s difficult for the company to lose money, and it can be a multi-billion-dollar player in the space with a mere 34 employees.

But gold has a lot going for it right now. For the past four years, the metal’s price has been in an uptrend, which automatically increases the profits going to Franco Nevada from its royalty deals. Add in the periodic market scare like the coronavirus outbreak, and it’s easy to see why shares are likely to continue heading higher.

That’s seen easily in the company’s financials. Revenue is up 39 percent in the past year. Earnings are up a whopping 95 percent. And the company has a 28 percent profit margin, more in line with a technology play than a commodity one.

Shares are up more than 50 percent in the past year, but are likely to continue heading higher. That bodes well for investors. Looking at the overall market valuation, this stands out as a potential growth play with a solid international bent to it as well.

We like shares up to $114 based on these factors. The company pays a 0.9 percent dividend.

Source: Trading Tips
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Re: Franco-Nevada (FNV)

Postby winston » Mon Mar 09, 2020 10:46 pm

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Franco-Nevada (FNV): Strong Industry, Solid Earnings Estimate Revisions

One stock that might be an intriguing choice for investors right now is Franco-Nevada Corporation (TSX:FNV) . This is because this security in the Mining - Gold space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Mining - Gold space as it currently has a Zacks Industry Rank of 66 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Franco-Nevada is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Franco-Nevada Corporation Price and Consensus

In fact, over the past month, current year estimates have risen from $1.70 per share to $1.73 per share. This has helped FNV to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position.

So, if you are looking for a decent pick in a strong industry, consider Franco-Nevada. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Source: Zack's

https://www.investing.com/analysis/fran ... -200513194
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Re: Franco-Nevada (FNV)

Postby winston » Tue Mar 10, 2020 8:43 am

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Franco-Nevada Delivers Record Q4 and Annual Results

Growing free cash flow and strong outlook

TORONTO, March 9, 2020 /CNW/ - "I am pleased that Franco-Nevada (FNV) is reporting its best results ever," stated David Harquail, CEO.

"Record quarterly and annual results were achieved across all our important sales and financial metrics.

Results benefited from the start of precious metals deliveries from Cobre Panama, strong production at other key assets and higher precious metals prices.

Thanks to our diversified portfolio, we expect good overall growth in 2020 mostly driven by the continued Cobre Panama ramp-up despite a more conservative outlook for our energy assets.

Franco-Nevada is generating substantial free cash flow and, post year-end, is now debt free. Franco-Nevada continues to be the gold investment that works."

Source: Seeking Alpha

https://seekingalpha.com/pr/17804029-fr ... al-results
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Re: Franco-Nevada (FNV)

Postby winston » Wed Apr 08, 2020 9:01 am

Franco-Nevada will not need more funding despite suspensions, analyst says

Franco-Nevada (FNV -2.9%) falls as much as 6.5% after the company withdrew its gold and energy sales guidance for 2020 on Covid-19 uncertainties, but analysts at National Bank Financial think the company likely will not need additional funds for current financing commitments.

Franco-Nevada had $205M in cash and cash equivalents as well as undrawn credit facilities of $1.1B as of March 31.

National Bank maintains its Sector Perform rating, as the company's growth and financial strength is offset by higher valuation and oil exposure.

Scotiabank, which also rates the stock at Sector Perform, says the impact of the curtailments for will be essentially limited to a deferral of revenue.

Franco-Nevada also is not directly exposed to any potentially increased costs at the vast majority of its assets, Scotiabank says.

Source: Seeking Alpha

https://seekingalpha.com/news/3559069-f ... ent=link-3
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Re: Franco-Nevada (FNV)

Postby winston » Wed Apr 08, 2020 10:04 am

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Franco-Nevada slides as Cobre Panama mine suspends ops

In a corporate update, Franco-Nevada (FNV -4.9%) notes operations have been temporarily suspended at First Quantum's Cobre Panama copper complex.

Franco-Nevada's streaming agreement with Cobre Panama makes it highly exposed to the production from the mine.

The company says the Antamina, Antapaccay and Candelaria assets continue to perform close to expectations based on recent information provided by the operators.

Of the 52 smaller cash-flowing assets in Franco-Nevada's portfolio, 11 have announced temporarily reduced or curtailed production.

Franco-Nevada says it is withdrawing previous 2020 sales guidance for gold equiv. oz., citing higher uncertainty going forward.

The company says it had cash holdings of $205M and undrawn credit facilities of $1.1B as of March 31.

Source: Seeking Alpha

https://seekingalpha.com/news/3559020-f ... ent=link-1
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Re: Franco-Nevada (FNV)

Postby winston » Tue Apr 21, 2020 9:05 am

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Franco-Nevada Corporation (FNV).

Unlike most gold-related investments, Franco isn't a mining company. Instead, it acquires and holds royalty interests from gold producers and owns proceeds from gold mining companies.

This means that it doesn't have to buy and run mines or deal with the related expenses that bring a whole lot of costs and uncertainty to other gold businesses.

It just collects cash from gold production as it streams into the market. If gold goes higher in price, the company makes more revenue. If gold goes down in price, the company makes less, but it still makes money.

And it pays its shareholders their cut of the profits from the stream of gold flowing across its books.

As I write, FNV's dividend yield is 0.81%. While that isn't exactly a Dividend Aristocrat, consider the alternative if you want to invest in gold.

It costs money to store gold, even for gold ETFs like the SPDR Gold Shares ETF (GLD) that charges 0.40% annually to service its synthetic gold holdings ...

Neil notes that while a 0.81% yield isn't much, "it beats getting charged to own gold or a gold ETF."

Of course, the main reason you'd own FNV is to ride along with gains in gold. And FNV has done that -- and then some.

Over the trailing year, FNV has outperformed GLD two-to-one with a return of 66.8% to GLD's 33.1%. Buy Franco-Nevada and get paid to own the stock and profit from the Midas Metal along the way.

FNV continued to outperform GLD. As you can see below, it's up 78% over the last year while GLD remains just 33% higher.

Source: Investor Place
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Re: Franco-Nevada (FNV)

Postby winston » Wed Jun 17, 2020 8:14 pm

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June 5, 2020

Why Is Franco-Nevada (FNV) Down 8.4% Since Last Earnings Report?

Franco-Nevada Corporation reported adjusted earnings of 58 cents per share in first-quarter 2020, up 65.7% from the prior-year quarter.

The company generated revenues of $241 million in the reported quarter, reflecting a year-over-year improvement of 34%.


Source: Zacks Equity Research

https://finance.yahoo.com/news/why-fran ... 03546.html
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Re: Franco-Nevada (FNV)

Postby winston » Wed Nov 25, 2020 8:50 pm

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Canaccord Genuity Stick to Their Buy Rating for Franco Nev Corp

Oct 27, 2020

Canaccord Genuity analyst Carey MacRury maintained a Buy rating on Franco Nev (NYSE:FNV) Corp on Thursday, setting a price target of C$222, which is approximately 24.37% above the present share price of $135.79.

MacRury expects Franco Nev Corp to post earnings per share (EPS) of $0.50 for the fourth quarter of 2020.

The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Franco Nev, with an average price target of $152.52.

The analysts price targets range from a high of $191.32 to a low of $102.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $195.4 million and a net profit of $103.4 million. The company's market cap is $26.3 billion.

According to TipRanks.com, Canaccord Genuity analyst Carey MacRury is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.7% and a 74.79% success rate.

Franco-Nevada Corp. engages in the management of gold-focused royalties and streams portfolio. It provides investors with gold price and exploration optionality while limiting exposure to many of the risks of operating companies. The company was founded on October 17, 2007 and is headquartered in Toronto, Canada.

Source: investing.com

https://www.investing.com/news/canaccor ... rp-2333717
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Re: Franco-Nevada (FNV)

Postby winston » Wed Nov 25, 2020 8:59 pm

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November 7, 20

Franco-Nevada Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

After the latest results, the eight analysts covering Franco-Nevada are now predicting revenues of US$1.26b in 2021.

If met, this would reflect a huge 29% improvement in sales compared to the last 12 months.

Per-share earnings are expected to surge 142% to US$3.35.

The analysts reconfirmed their price target of US$162, showing that the business is executing well and in line with expectations.

There are some variant perceptions on Franco-Nevada, with the most bullish analyst valuing it at US$250 and the most bearish at US$133 per share.


Source; Simply Wall St

https://finance.yahoo.com/news/franco-n ... 42750.html
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Re: Franco-Nevada (FNV)

Postby winston » Tue Dec 29, 2020 9:26 pm

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Dec 22, 2020

I Ran A Stock Scan For Earnings Growth And Franco-Nevada (TSE:FNV) Passed With Ease

Franco-Nevada has grown EPS by 19% per year, compound, in the last three years.


Source: Simply Wall St

https://finance.yahoo.com/news/ran-stoc ... 50748.html
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