A pair of mildly bullish analyst moves pushed the gold stock higher.Gold streaming and royalty company Franco-Nevada's (FNV 1.16%) stock had a bit of luster on the second trading day of the week. Its shares closed Tuesday up by almost 1.3% on a pair of analyst price-target hikes following the company's latest earnings release. That little pop was sufficient to edge past the S&P 500 index, which closed 1.1% higher. Not one but two price-target bumpsNot one but two pundits following Franco-Nevada upped their ...

Core Insights - The article discusses the author's extensive experience in journalism and the financial sector, highlighting a decade of reporting and analysis in various capacities [3][4]. Group 1 - The author has a diploma in journalism from Lethbridge College and over ten years of reporting experience [3]. - The author has covered territorial and federal politics in Nunavut, Canada, showcasing a diverse background in political reporting [3]. - Since 2007, the author has worked exclusively within the financial sector, starting with the Canadian Economic Press [3].

Franco-Nevada (FNV) Q2 2025 Earnings Call August 11, 2025 10:00 AM ET Company ParticipantsPaul Brink - Director, President & CEOSandip Rana - CFOFahad Tariq - SVP - Equity ResearchLarry Liu - Equity Research AssociateEaun Gray - Chief Investment OfficerMatt Murphy - MD - Equity Research, Metals & MiningJason O'Connell - SVP - DiversifiedTanya Jakusconek - DirectorBrian Macarthur - Managing DirectorConference Call ParticipantsCandida Hayden - Senior Analyst & Investor RelationsDaniel Major - Metals & Mining ...

Financial Data and Key Metrics Changes - Franco Nevada reported record financial results for Q2 2025, with total revenue increasing by 42% to $369.4 million compared to Q2 2024 [19][20] - Adjusted EBITDA also reached a record high, increasing by 65% to $365.7 million from $221.9 million in the prior year [20][22] - Adjusted net income was $238.5 million, or $1.24 per share, reflecting a 65% increase year-over-year [23] Business Line Data and Key Metrics Changes - Total GEOs sold increased by 2% to 112,093 in Q2 2025, with precious metal GEOs sold rising by 12% to 92,449 [17][19] - Revenue from precious metals accounted for 82% of total revenue, with Candelaria being the largest contributor at 15% [23][24] - Diversified GEOs sold decreased to 19,644 from 27,914 in the prior year, attributed to higher gold prices impacting the conversion of diversified revenue to GEOs [19] Market Data and Key Metrics Changes - Average gold prices increased by 40% year-over-year, while silver prices rose by 17% [16] - Prices for platinum and palladium rebounded, while iron ore and oil prices remained volatile and lower compared to the previous year [16] Company Strategy and Development Direction - The company is focused on long-term growth through the acquisition of high-quality gold assets, with a strong pipeline of potential deals [13][95] - Franco Nevada aims to benefit from the unlocking of mine permitting processes in the U.S., with several projects moving ahead [7] - The company is also exploring opportunities to support companies as a long-term financial backer, reducing their financial risk [39] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential restart of operations at Cobre Panama, viewing it as a significant upside opportunity [30][94] - The company remains well-capitalized with approximately $1.35 billion in available capital after recent acquisitions [25] - Management indicated that the current pricing environment for gold and silver is favorable, with guidance based on $3,250 gold and $37 silver prices [92] Other Important Information - The company acquired a royalty on IAMGOLD's Cote Gold Mine, which is expected to contribute significantly to future revenues [9][46] - Franco Nevada has begun receiving deliveries from Cobre Panama based on their stream agreement, expecting approximately 10,000 GEOs in Q3 [27] Q&A Session Summary Question: Why did Franco decide to suspend the arbitration proceeding for Cobre Panama? - Management indicated that the best outcome is to see the mine back in operation, and the suspension was requested by the government to find a new solution [30] Question: Will the available capital affect future deal sizes? - Management stated that the business continues to generate significant cash flow, and there are no constraints on capital for future transactions [31] Question: What impact will platinum price rebounds have on recent acquisitions? - Management noted that the rebound in platinum prices has positively affected operations and improved the economics of extension projects [36] Question: What is the outlook for the Permian asset base? - Management expressed that production levels may remain consistent but could soften slightly with lower oil prices [51] Question: How much gold inventory remains on the balance sheet? - The company reported having 2,469 gold ounces remaining in inventory as of June [55] Question: What is the expected contribution from the New Prosperity project? - Management indicated that the project could yield approximately 40,000 to 50,000 ounces of gold per year if developed [63] Question: What are the implications if Cobre Panama remains offline into 2026? - Management stated that they have not built Cobre Panama into their guidance, viewing it as a significant upside opportunity [94] Question: What is the strategy regarding asset acquisitions? - Management confirmed a focus on acquiring quality gold assets while remaining opportunistic for diversified assets [95][98]

2025 Q 2 R E S U L T S P R E S E N T A T I O N A U G U S T 1 1 , 2 0 2 5 C A U T I O N A R Y S T A T E M E N T This presentation does not constitute an offer to sell or a solicitation for an offer to purchase any security in any jurisdiction. S P E A K E R S 2 N O N - G A A P M E A S U R E S F O R W A R D - L O O K I N G S T A T E M E N T S Cash Costs, Cash Costs per GEO sold, Adjusted Net Income, Adjusted Net Income per Share, Adjusted Net Income Margin, Adjusted EBITDA, Adjusted EBITDA per Share, and Adju ...

过去23小时的市场混乱，起因是美国海关与边境保护局公布的一项裁定，称一公斤与100盎司规格的金条需缴纳 所谓"对等关税"。这一裁定源于一家瑞士炼金厂就关税问题寻求官方解释。若执行，该政策将对全球金市产生 深远影响，并可能扰乱美国黄金期货合约的正常运行。 白宫表态令黄金相关股票迅速回吐涨幅。Newmont Corp(NGT.US)、Agnico Eagle Mines(AEM.US)、黄金特许权 公司Franco-Nevada(FNV.US)，以及VanEck金矿ETF(GDX.US)等均在消息公布后回落。 智通财经APP获悉，特朗普政府正计划发布新政，明确黄金金条进口不应征收关税，以平息此前因美国政府机 构一纸裁定而引发的全球金市震荡。 据外媒援引白宫官员匿名书面声明，行政当局将在近期公布一项行政令，澄清有关黄金及其他特殊产品关税 的"错误信息"。消息公布后，纽约商品交易所黄金期货涨幅收窄，伦敦现货金基准价回落，两地金价差从此前 因关税冲击飙升至每盎司逾100美元，迅速缩窄至60美元以下。 市场预计，白宫一旦发布澄清行政令，将有助于缓和因黄金关税担忧引发的市场动荡。不过，特朗普政府官员 也多次强调，总统第二任 ...

The Zacks Mining – Gold industry is housed within the broader Zacks Basic Materials sector.  Basic Materials is among the Zacks sectors that are expected to see a decline in earnings for the second quarter. Overall earnings for the space are projected to fall 7.5% despite 2.8% higher revenues, per the latest Earnings Outlook. Gold mining companies’ second-quarter results are expected to reflect the benefits of higher gold prices and efforts to boost operating efficiency and reduce costs. We have handpicked ...

Core Viewpoint - Franco-Nevada Corporation has acquired a 1.0% net smelter return royalty on AngloGold Ashanti's Arthur Gold Project for $250 million, with potential additional payments based on certain conditions, highlighting the project's significant growth potential in the gold sector [1][2]. Transaction Highlights - The acquisition includes a contingent cash payment of $25 million, dependent on the outcome of ongoing arbitration regarding the royalty's coverage [6]. - The Arthur Gold Project has seen a 20% year-over-year increase in its resource base, now totaling 3.4 million ounces of Indicated Mineral Resources and 12.9 million ounces of Inferred Mineral Resources [1][6]. - Franco-Nevada structured the transaction as an asset sale, utilizing cash on hand and a $175 million draw from its $1 billion credit facility for funding [6]. Key Transaction Terms - The royalty applies to a substantial land package in Nevada, covering most of the existing Mineral Resource of the Arthur Gold Project, with no step-downs or buy-down provisions [6]. - The project is expected to provide stable gold cash flow once in production, with ongoing arbitration potentially expanding the royalty footprint significantly [6]. - AngloGold is advancing a Preliminary Feasibility Study (PFS) for the project, expected to be completed by late 2025 or early 2026, focusing on both heap leach and milling operations [6]. Company Overview - Franco-Nevada Corporation is a leading gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets, providing investors with gold price and exploration optionality while limiting exposure to cost inflation [7]. - The company trades under the symbol FNV on both the Toronto and New York stock exchanges, utilizing free cash flow to expand its portfolio and pay dividends [7].

Group 1: Price Trend and Technical Analysis - Franco-Nevada (FNV) has experienced a bearish price trend, losing 6.4% over the past two weeks, but a hammer chart pattern suggests a potential trend reversal as bulls may have gained control [1] - The hammer pattern indicates a nearing bottom with likely subsiding selling pressure, which supports a bullish case for the stock [2] - Hammer candles signal that bears might have lost control over the price, indicating a potential trend reversal when formed at the bottom of a downtrend [5] Group 2: Fundamental Analysis - There has been an upward trend in earnings estimate revisions for FNV, which is considered a bullish indicator as it typically leads to price appreciation [7] - The consensus EPS estimate for the current year has increased by 4.8% over the last 30 days, indicating strong agreement among Wall Street analysts regarding the company's potential for better earnings [8] - FNV holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which usually outperform the market [9][10]

Industry Overview - Gold prices are on the rise, currently around $3,342/oz, reflecting a 37% increase year to date, driven by supply constraints and strong demand from central banks [4][5] - The World Gold Council indicates a scarcity of gold mining deposits, which is expected to sustain the upward momentum in gold prices [1] - Central banks, particularly in emerging economies, are increasing their gold reserves due to rising global debt levels and geopolitical risks, which supports demand for gold [3] Investment Opportunities - It is recommended to invest in gold mining stocks with a favorable Zacks Rank, specifically those rated 1 (Strong Buy), including Franco-Nevada Corp. (FNV), Royal Gold Inc. (RGLD), Kinross Gold Corp. (KGC), AngloGold Ashanti plc (AU), and Agnico Eagle Mines Ltd. (AEM) [2] - All five selected stocks exhibit strong growth estimates and recent upward earnings revisions for the current year [9] Company Highlights Franco-Nevada Corp. (FNV) - FNV is expected to achieve revenue and earnings growth rates of 34.6% and 43.9%, respectively, for the current year, with a recent earnings estimate improvement of 0.2% [12] - The company has a debt-free balance sheet and focuses on expanding its portfolio and paying dividends, benefiting from rising gold prices [11] Royal Gold Inc. (RGLD) - RGLD anticipates revenue and earnings growth rates of 28.8% and 42%, respectively, for the current year, with a 4.5% improvement in earnings estimates over the last 30 days [14] - The company maintains high margins despite inflationary pressures and is focused on allocating cash flow towards dividends and debt reduction [13] Kinross Gold Corp. (KGC) - KGC is projected to have revenue and earnings growth rates of 17.9% and 72.1%, respectively, for the current year, with a 5.4% increase in earnings estimates recently [17] - The company is enhancing production through its Tasiast mine expansion and has promising projects like the Great Bear project in Ontario [15][16] AngloGold Ashanti plc (AU) - AU expects revenue and earnings growth rates of 52.8% and over 100%, respectively, for the current year, with a 1.6% improvement in earnings estimates [19] - The company operates in multiple regions and focuses on gold exploration and production, with a flagship mine in Tanzania [18] Agnico Eagle Mines Ltd. (AEM) - AEM is projected to achieve revenue and earnings growth rates of 26.6% and 52.5%, respectively, for the current year, with a 7% increase in earnings estimates [22] - The company is advancing key projects and has strengthened its market position through strategic acquisitions and mergers [20][21]