Franco-Nevada Corporation (NYSE:FNV) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
Previous Quarter Performance
Franco-Nevada Corporation announced income for the second quarter of $ 0.48 per share, from the revenue of $ 195.40 million. Street analysts expected Franco-Nevada Corporation to report income of $ 0.27 per share on revenue of $ 170.05 million for the second quarter. The bottom line results beat street analysts by $ 0.21 or 77.78 percent, at the same time, top line results outshined analysts by $ 25.35 million or 14.91 percent.
Stock Performance
Shares of Franco-Nevada Corporation traded up $ 2.64 or 1.91 percent on Tuesday, reaching $ 141.06 with volume of 634.00 thousand shares. Franco-Nevada Corporation has traded high as $ 141.78 and has cracked $ 139.05 on the downward trend
According to the previous trading day, closing price of $ 141.06, representing a 79.35 % increase from the 52 week low of $ 77.18 and a 16.67 % decrease over the 52 week high of $ 166.11.
The company has a market capital of $ 26.60 billion and is part of the Basic Materials sector and Gold industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.26 per share on August 5, 2020. The dividend were payable on September 24, 2020 to holders of record as of the close of business on September 10, 2020 and ex-dividend date on September 9, 2020.
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.
