Franco-Nevada (TSE:FNV) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Franco-Nevada reported lower year-over-year results for Q2 2024, citing decreased contributions from certain mines and new tax expenses due to the Global Minimum Tax initiative. Despite the setbacks, the company experienced higher revenues from record gold prices and expects improved performance with recent mine start-ups and acquisitions. Franco-Nevada maintains a strong financial position with no debt and a diverse, growth-oriented portfolio.
For further insights into TSE:FNV stock, check out TipRanks’ Stock Analysis page.