Franco-Nevada Earnings Miss Estimates in Q3, Shares Decline 11%
Franco-Nevada(FNV) ZACKS·2024-11-13 02:31
Shares of Franco-Nevada Corporation (FNV) have dipped 11% since it registered year-over-year declines in its top and bottom lines in third-quarter results on Nov. 6. The downside was led by lower contributions from Candelaria, Antapaccay and Energy assets, partially offset by record gold prices. The results were also impacted by the Cobre Panama mine remaining on preservation and safe management during the current period. FNV reported adjusted earnings of 80 cents per share in third-quarter 2024, missing th ...