Franco-Nevada Tops Q4 Earnings Estimates, Hits New 52-Week High

Core Viewpoint - Franco-Nevada Corporation (FNV) achieved a new 52-week high of $148.02 following year-over-year growth in both revenue and earnings in its fourth-quarter 2024 results, although it closed lower at$143.61 [1] Financial Performance - FNV reported adjusted earnings of 95 cents per share for the third quarter of 2024, surpassing the Zacks Consensus Estimate of 89 cents, reflecting a 6% year-over-year increase [1] - The company generated revenues of $321 million in the reported quarter, marking a 6$277 million, with an adjusted EBITDA margin of 86.4%, up from 83.9% in the prior-year quarter [3] Production and Sales - FNV sold 95,565 Gold Equivalent Ounces (GEOs) from Precious Metal assets in the reported quarter, a decrease of 20.1% from the prior-year quarter [3] - For 2024, FNV reported total GEOs of 463,334 and expects GEOs between 465,000 and 525,000 in 2025, indicating a 7% increase at the midpoint from 2024 [6] Cash Position and Guidance - At the end of 2024, FNV had $1.45 billion in cash, an increase from$1.42 billion at the end of 2023, with an operating cash flow of $829.5 million, down from$991 million in 2023 [4] - The company is debt-free and plans to use its free cash flow for portfolio expansion and dividend payouts, with available capital of $2.4 billion [4] - FNV's 2024 adjusted earnings per share were$3.21, down from $3.56 in the prior year, but beat the Zacks Consensus Estimate of$3.09 [5] - Revenues for 2024 decreased by 9% year over year to $1.11 billion, aligning with the Zacks Consensus Estimate [5] - FNV anticipates 2025 revenues to be 25% higher than the 2024 actual [6] Stock Performance - FNV's shares have increased by 27.7% over the past year, compared to the industry's growth of 38.8% [7]