Armor Advisors L.L.C. cut its position in shares of Franco-Nevada Corporation (NYSE: FNV) (TSE: FNV) by 24.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,812 shares of the basic materials company's stock after selling 20,500 shares during the period. Franco-Nevada accounts for
Franco-Nevada (FNV) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
For the defense and mining industries, 2025 was a standout year. The iShares U.S. Aerospace & Defense ETF BATS: ITA tracks the performance of a basket of over 40 U.S. aerospace and defense companies.
Franco-Nevada is upgraded to a buy rating based on an improved quantitative score of 80/100, reflecting enhanced profitability and efficiency. FNV's unique royalty-based model offers high margins and low operational risk, but geopolitical and asset-specific risks, notably Cobre Panama, remain material. Despite a bullish gold outlook, FNV trades at a 38% premium to historical multiples, making current valuation unattractive for new positions.
Franco-Nevada Corporation shares have surged 27.65% since my last Hold rating, far outperforming the S&P 500 and gold prices. Q3 2025 delivered record results: revenue up 77% YoY to $487.7M, adjusted EBITDA up 81%, and margins hit $3,116 per gold equivalent ounce. FNV is evolving its strategy, acting as a financial backer for best-in-class mining teams, exemplified by partnerships with G Mining Ventures and Discovery Silver.
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Franco-Nevada Corporation posted record Q3 results: revenue $487.7MM (+77% YoY), EBITDA $427.3MM (+81%), and EPS $1.49 — all-time highs driven by stronger gold prices. 85% of FNV revenue from precious metals (72% gold); portfolio expansion through Côté and Arthur Gold reinforces long-term exposure to gold. Margins remain best-in-class: EBITDA 87.6%, ROE 12.6%, ROA 11%; FNV holds $236.7MM in cash and zero debt.
Here is how Franco-Nevada (FNV) and Avino Silver (ASM) have performed compared to their sector so far this year.
Franco-Nevada (FNV) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Franco-Nevada (FNV) reported earnings 30 days ago. What's next for the stock?
FNV hits a 52-week high as soaring gold prices and record Q2 results boost its growth momentum.
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