Franco Nevada Stock Price, News & Analysis

Franco-Nevada reported record financial results for 2021, with total revenue of $1.3 billion, a 27% increase year-over-year. Net income surged 125% to $733.7 million ($3.84/share). The growth was driven by strong contributions from Cobre Panama and Antamina, along with a doubling of energy revenues due to high prices. Despite projecting slightly lower GEOs in 2022, the company remains debt-free and boasts $1.6 billion in available capital.

Franco-Nevada is committed to ESG initiatives and aims for 40% diverse representation in leadership by 2025.

Franco-Nevada Corporation has declared a quarterly dividend of US$0.32 per share, effective March 31, 2022, up 6.7% from the previous US$0.30. This increase marks the 15th consecutive annual increase for shareholders. Canadian IPO investors from December 2007 now enjoy a 10.7% yield. Beginning this year, the annual dividend review will occur earlier, ensuring any increases apply throughout the fiscal year.

Franco-Nevada reported a robust Q3 2021, with revenues reaching $972.3 million, up 36% year-over-year. The company increased its energy revenue guidance for 2021 to $195-$205 million, driven by higher oil and gas prices. YTD GEOs sold reached 462,926, a 24% increase. Net income rose 243% to $512.8 million or $2.68/share. Franco-Nevada remains debt-free with $1.6 billion in available capital. Its diversified portfolio continues to perform well, further supported by ESG initiatives.

Franco-Nevada announced the release date for its third quarter 2021 results, scheduled for November 3 after market close. A conference call is set for November 4 at 10:00 am ET, providing an opportunity for investors to discuss the results. Dial-in numbers include a toll-free option for North America and an international line. Replay details are available for those wishing to listen later, with access until November 11.

Franco-Nevada reported strong financial results for Q2 2021, with record revenue of $656 million, up 50% from Q2 2020. Adjusted EBITDA reached $290 million, marking an 83% increase. The company, which maintains a robust financial position with no debt and $197.7 million in cash, increased its GEO sales guidance for 2021 to 590,000 to 615,000 GEOs. Energy revenue guidance was also raised to $155-$170 million due to rising commodity prices. Franco-Nevada's diverse portfolio and strong growth prospects position it favorably in the market.

Franco-Nevada will announce its second quarter 2021 results on August 11 after market close. Following the release, the company will host a conference call and webcast on August 12 at 10:00 am ET.

Investors can join the call via toll-free or international numbers provided in the release. A replay of the call will be available until August 19, using the specified passcode.

Franco-Nevada Corporation announced the successful election of its board of directors during the 2021 Annual and Special Meeting of Shareholders, held via webcast. The nominees received significant support, with vote percentages ranging from 96.91% to 99.95% for the elected directors. Franco-Nevada, a leading gold-focused royalty and streaming company, leverages its diversified portfolio to optimize cash flow and minimize cost inflation risks. The company continues to pay dividends and expand its asset base, trading under the symbol FNV on both the Toronto and New York stock exchanges.

Franco-Nevada reported record revenues of $308.9 million and an 85% Adjusted EBITDA margin in Q1 2021, marking a 28% increase from Q1 2020. The company generated a net income of $171.5 million, a 274% rise year-over-year. Key contributors included Antamina and Cobre Panama, along with a recovery in energy prices. The acquisition of Vale Royalty Debentures and Labrador Iron Ore Royalty further diversified its asset base. Franco-Nevada projects a 25% revenue growth over five years and increased its quarterly dividend by 15.4% to $0.30 per share.

Franco-Nevada acquired 14.7% of Vale's outstanding Participating Debentures from BNDES and the Government of Brazil for $538 million. This transaction grants royalty exposure to Vale's major iron ore mines with a life of up to 30 years and a potential 60% increase in production capacity by 2026, resulting in an expected 8% yield. Additionally, Franco-Nevada holds a 9.9% stake in Labrador Iron Ore Royalty Corporation, expected to yield 27% cash flow. The company revised its 2021 guidance, increasing projected sales to 580,000-615,000 GEOs.