Franco-Nevada (FNV) Earnings Beat Estimates in Q1, View Up Zacks.com 7 hrs ago
Franco-Nevada Corporation FNV reported adjusted earnings of 84 cents per share in first-quarter 2021, up 47% from the prior-year quarter. Additionally, the bottom line surpassed the Zacks Consensus Estimate of 79 cents.
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The company generated revenues of $309 million in the reported quarter, reflecting year-over-year growth of 28%. The top-line figure, however, missed the Zacks Consensus Estimate of $313 million. In the March-end quarter, 85.4% of revenues were sourced from gold and gold equivalents (61.6% gold, 15.4% silver, 6.3% platinum group metals and 2.1% from other mining assets).
The company sold 149,575 Gold Equivalent Ounces (GEOs) in the reported quarter, up from the prior-year quarter’s 134,941 GEOs. Higher contributions from the Hemlo, Cobre Panama, Antapaccay and Antamina mines were partly offset by lower contributions from Sudbury and Guadalupe-Palmarejo.
Monday s analyst upgrades and downgrades - The Globe and Mail
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Wednesday s analyst upgrades and downgrades - The Globe and Mail
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