BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Franco-Nevada Stock Gains on Analyst Target Hikes Despite Mixed Earnings
Franco-Nevada Stock Gains on Analyst Target Hikes Despite Mixed Earnings
23
1
BTCCSquare news:
Franco-Nevada shares rose 1.3% Tuesday after two analysts lifted price targets to $184, though both maintained hold ratings. The Gold royalty company's Q2 revenue jumped 42% to $369.4 million, with GAAP net income tripling to $247.1 million, narrowly missing top-line estimates but beating bottom-line expectations.
TD Securities and Scotiabank analysts cited resilient fundamentals while keeping cautious stances, suggesting the market sees limited upside despite strong precious metals performance. The stock's modest gain slightly outpaced the broader market's 1.1% advance.
By:
