Last C$51.39 CAD
Change Today -0.96 / -1.83%
Volume 920.1K
FNV On Other Exchanges
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As of 3:59 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

franco-nevada corp (FNV) Snapshot

Open
C$52.35
Previous Close
C$52.35
Day High
C$53.10
Day Low
C$51.04
52 Week High
02/21/14 - C$59.84
52 Week Low
06/26/13 - C$33.05
Market Cap
7.6B
Average Volume 10 Days
682.3K
EPS TTM
C$1.10
Shares Outstanding
147.2M
EX-Date
--
P/E TM
42.3x
Dividend
C$0.80
Dividend Yield
1.48%
Current Stock Chart for FRANCO-NEVADA CORP (FNV)

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franco-nevada corp (FNV) Details

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Australia, and Africa. The company also has interests in platinum group metal, oil and gas, and other resource properties. Its principal portfolio includes approximately 370 assets covering properties at various stages from production to early stage exploration. The company was incorporated in 2007 and is headquartered in Toronto, Canada with additional offices in Denver, Colorado; Perth, Australia; and Hastings, Barbados.

26 Employees
Last Reported Date: 03/19/14
Founded in 2007

franco-nevada corp (FNV) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $527.9K
Chief Financial Officer
Total Annual Compensation: $336.0K
Chief Operating Officer
Total Annual Compensation: $288.0K
Chief Legal Officer and Corporate Secretary
Total Annual Compensation: $230.4K
Senior Vice President of Business Development
Total Annual Compensation: $384.0K
Compensation as of Fiscal Year 2013.

franco-nevada corp (FNV) Key Developments

Franco-Nevada Corporation Declares Dividend, Payable on March 27, 2014

Franco-Nevada Corporation declared a dividend of $0.06 per share, payable on March 27, 2014 with a record date of March 13, 2014.

Franco-Nevada Seeks Acquisitions

Franco-Nevada Corporation (TSX:FNV) is seeking acquisitions. Franco-Nevada is working primarily on precious gold deals right now. As per David Harquail, President and Chief Executive Officer of Franco-Nevada, if there is room for another $100 million or $150 million acquisition, Franco-Nevada could squeeze that in now. There is room to do some smaller oil and gas asset acquisitions. Paul Brink, Senior Vice President, Busines Development of Franco-Nevada, states, "we see a lot of opportunities out there and we are confident there will be more acquisitions as we go down the line."

Franco-Nevada Corporation Provides Dividend Guidance for the Second Quarter of 2014, Payable by the End of June 2014; Announces Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Production Guidance for the Full Year 2014; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2013

Franco-Nevada Corporation announced that its Board of Directors has decided to raise its dividend and move to quarterly dividend payments, both effective for the second quarter of 2014. The dividend will increase to $0.20 per share per quarter, an increase of two cents per share per quarter, resulting in an effective annual dividend of $0.80 per share compared to $0.72 per share paid in 2013. The Board of Directors plans on formally declaring the second quarter dividend of $0.20 per share in May 2014 with payment by the end of June 2014. The company announced unaudited consolidated earnings and production results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net loss of $80.6 million or $0.55 per share compared to $33.1 million reported in the same period last year. Adjusted net income was $30.5 million or $0.21 per share against $47.0 million or $0.32 per share reported last year. Adjusted EBITDA was $77.3 million or $0.53 per share against $93.7 million or $0.65 per share reported last year. The company achieved $100 million in revenue versus $114.1 million last year. For the full year, the company reported net income of $11.7 million or $0.08 per diluted share compared to $102.6 million or $0.71 per diluted share reported in the same period last year. Adjusted net income was $138.3 million or $0.94 per share against $171.0 million or $1.19 per share reported last year. Adjusted EBITDA was $322.5 million or $2.20 per share against $347.8 million or $2.43 per share reported last year. Revenue was $400.9 million against $427.0 million for the same period in the last year. Operating income was $49.6 million against $138.4 million reported last year. Income before finance items and income taxes was $32.4 million against $146.4 million reported last year. Net income before income taxes was $34.0 million against $154.9 million reported last year. Net cash provided by operating activities was $249.4 million against $306.3 million reported last year. Acquisition of property and equipment was $1.3 million. For the quarter, the company produced gold equivalent ounces (GEOs) of 69,741 representing a 17.5% increase over the same period of 2012. Despite a 26.0% lower average gold price and a 12.9% lower average platinum price for the quarter, the company saw growth in its GEOs from higher production levels from International and Canadian gold assets and PGM assets, partially offset by lower production from U.S. gold assets. For the year, the company produced 241,402 gold equivalent ounces. The company provided production guidance for the full year 2014. For 2014, the company expects attributable royalty and stream production to total 245,000 to 265,000 GEOs from its mineral assets and revenue of $60 million to $70 million from its oil & gas assets. Platinum and palladium metals have been converted to GEOs using assumed commodity prices of $1,300/oz Au, $1,400/oz Pt and $725/oz Pd. The WTI oil price is assumed to average $95 per barrel with higher discounts for Canadian oil than experienced in 2013. For the quarter, the company reported impairment charges of $108.1 million.

 

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FNV

Industry Average

Valuation FNV Industry Range
Price/Earnings 100.0x
Price/Sales 17.4x
Price/Book 2.4x
Price/Cash Flow 27.5x
TEV/Sales 15.5x
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