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Franco-Nevada (FNV) Misses Q4 EPS by 3c

March 19, 2019 4:16 PM

Franco-Nevada (NYSE: FNV) reported Q4 EPS of $0.24, $0.03 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $148.2 million versus the consensus estimate of $170.05 million.

2019 Guidance

In 2019, Franco-Nevada expects attributable royalty and stream production to total 465,000 to 500,000 GEOs from its mining assets and revenue of $70 to $85 million from its energy assets. Of the royalty and stream production from mining assets, 305,000 to 335,000 GEOs are expected from Franco-Nevada's various stream agreements. For 2019 guidance, silver, platinum and palladium metals have been converted to GEOs using assumed commodity prices of $1,300/oz Au, $15.25/oz Ag, $825/oz Pt and $1,500/oz Pd. The WTI oil price is assumed to average $55 per barrel. The Company estimates depletion expense of $295 to $325 million. 2019 guidance and 5-year outlook below is based on public forecasts and other disclosure by the third-party owners and operators of our assets or our assessment thereof.

For earnings history and earnings-related data on Franco-Nevada (FNV) click here.

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Earnings Guidance

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