By Ketki Saxena
Investing.com – Franco-Nevada Corp, a major mining and energy royalty and streaming based in Ontario, reports Q4 2021 earnings tomorrow morning before the opening bell. The company’s mining portfolio is managed with a focus on precious metals, including gold, silver, and platinum. Its energy portfolio is focused on oil, gas, and natural gas liquids.
Franco-Nevada is a significant player with extensive operations across North and South America, Europe, Africa, and Australia, and a market cap of C$41.37B; C$4.4B of which it added in the previous trading week.
Year-to-date, FNV stock has delivered a total price return of 19.8% to investors - and a considerable 9.7% return to investors in the last 7 days alone. In the last full trading week, FNV gained 12%. The recent spike in FNV stock price has been driven by oil’s continued surge. Gold, on which FNV’s portfolio is concentrated, has also been hovering close to its all time high of USD $2,072.50.
Investors should note that FNV stock is currently trading at a high P/E ratio of 43.9x, which Investing Pro Models point to as a potential risk factor.
What to Expect at Franco-Nevada Earnings Tomorrow
Adjusted earnings per share are estimated at C$0.87, on revenue of C$317.5 M, up from EPS C$0.85 on revenue of C$304.5 M this time last year.
In the previous quarter, Franco-Nevada reported EPS of C$0.87, or a +1.9% surprise. Revenue was reported at C$316.3 M, or a -0.4% surprise.
Franco-Nevada Stock Fair Value Target (NYSE:TGT), Financial Upside
As of 1:05 p.m ET, FNV shares were trading at C$205.94, down -3.71 (-1.77%) in the day’s trading, and with a 52-week range of C$139.10 - 216.32. Investing Pro Models suggest a fair price target of C$181.50, representing a downside potential of 11.8%.
All currencies CAD, unless noted otherwise.
All data from Investing Pro.