FNV

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Uber Technologies Update: Analyst Youssef Squali maintained a Buy rating for Uber, raising its price target to $92, while the stock closed at $71.55 after gaining 2.9%.

Other Notable Trades: NRG Energy announced a $560 million acquisition of power generation facilities, Franco-Nevada reported strong earnings with a revenue increase, and Meta Platforms could invest up to $60 billion in the U.S., with its shares closing at $607.60 after a 3% gain.

Benzinga Stock Whisper Index Overview: Each week, Benzinga highlights five undervalued stocks using proprietary data and pattern recognition, with recent focus on companies like Franco-Nevada Corporation and Okta Inc, which have shown strong financial performance and analyst optimism.

Key Stock Performances: Notable stocks such as PDD Holdings and Axon Enterprise reported significant interest due to upcoming earnings reports and consistent growth, while Charles Schwab Corporation saw increased client activity and plans for expanded trading hours.

Gold Price Surge: Gold prices have surged past $3,000 per ounce due to escalating trade tensions, economic uncertainty, and expectations of a Federal Reserve rate cut, marking its third consecutive session of gains.

Market Dynamics: The rise in gold is attributed to increased demand for safe-haven assets amid recession risks and geopolitical developments, while Bitcoin's performance lags behind, raising questions about its status as "digital gold."

Analyst Ratings: Josh Wolfson from RBC Capital has maintained a Hold rating on Franco-Nevada (FNV) with a price target of $160.00, while the stock currently trades at $150.13. The overall analyst consensus for the company is a Moderate Buy with an average price target of $154.51.

Stock Performance: Franco-Nevada's shares have fluctuated between a one-year high of $148.71 and a low of $112.70, with an average trading volume of 693.6K. Recent reports indicate a downgrade to Hold by TD Cowen with a price target of $152.00.

Gold's Record Rise: Gold prices have surged to a record high of $2,969 per ounce, driven by economic uncertainty and trade tensions, with forecasts predicting further increases to $3,100 or even $3,500 by year-end.

Impact on Mining Stocks: The rally in gold has positively affected mining stocks, with notable gains in ETFs and individual companies, although many still remain below their historical highs.

Price Target Adjustments: National Bank has lowered Franco-Nevada's price target to C$215 from C$220 while maintaining a Sector Perform rating, amidst mixed ratings from other financial institutions.

Market Insights: The article highlights various analysts' opinions on Franco-Nevada, including upgrades and downgrades from different banks, reflecting a cautious yet strategic outlook on the company's financial performance.

Real-time Market Intelligence: Benzinga Pro offers the fastest and most accurate stock market alerts, helping traders stay informed and make winning trades daily.

Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, gaining access to exclusive stories and insights from Benzinga reporters.

Scotiabank's Price Target Adjustment: Scotiabank has raised its price target for Franco-Nevada (FNV) from $145 to $150, maintaining a Sector Perform rating due to a strong deal pipeline with various opportunities.

Market Insights and Competitor Analysis: The article emphasizes the importance of thorough investment research, highlighting tools like Spark that help assess stock risks and market performance through competitor analysis.

Franco-Nevada's Financial Performance: Franco-Nevada's stock rose after reporting better-than-expected Q4 earnings and projecting FY 2025 revenues to exceed $1.39 billion, a 25% increase from 2024.

Cobre Panama Mine Developments: Arbitration proceedings regarding the Cobre Panama copper mine are set for October 2026, with increasing support from Panama's government for its reopening, contingent on First Quantum dropping its arbitration claim.

Fourth Quarter Performance: Franco-Nevada Corporation reported a 6% year-over-year revenue increase to $321 million, surpassing expectations, with adjusted EPS of $0.95 and an operating cash flow of $243 million. The company anticipates a 25% revenue growth for 2025 and significant increases in gold production over the next five years.

Future Outlook and Developments: CEO Paul Brink highlighted plans for new acquisitions and mine starts that could add substantial gold output, while also expressing optimism about the potential restart of the Cobre Panama mine following supportive sentiments from local leadership.

Earnings Reports: Major companies including Oracle, BioNTech, and Vail Resorts are set to report earnings today, with expected stock movements indicated by options prices.

Implied Moves: The anticipated stock price changes for companies reporting before and after market close range from 5.28% to 28.57%, highlighting the volatility surrounding these announcements.

Franco-Nevada Overview: The company is facing uncertainty regarding the Cobre Panama project, which has led to a rating downgrade and is highlighted as one of the top mining stocks to watch in 2025.

Earnings Insights: A preview of Franco-Nevada's Q4 2024 earnings is anticipated, alongside historical earnings data and Seeking Alpha’s Quant Rating on the company.

Earnings Performance: Franco-Nevada reported a Q4 Non-GAAP EPS of $0.95, exceeding expectations by $0.06, with revenue of $321 million reflecting a 5.8% year-over-year increase and surpassing estimates by $16.56 million.

Sales Guidance: The company sold 120,063 GEOs in the quarter, a 21% decrease compared to Q4 2023, and provided guidance for 2025, projecting precious metal GEO sales between 385,000 to 425,000 GEOs.

Earnings Announcement: Franco-Nevada is set to release its Q4 earnings on March 10th, with an EPS estimate of $0.89 and revenue estimate of $304.44M, reflecting slight year-over-year changes.

Performance Trends: The company has a history of beating EPS and revenue estimates 63% of the time, but recent revisions show a mix of upward and downward adjustments in estimates over the past three months.

Analyst Rating and Price Target: RBC Capital analyst Josh Wolfson has maintained a Hold rating on Franco-Nevada (FNV) with a price target of $155.00, while the shares closed at $146.02. The company has an analyst consensus of Moderate Buy with a price target consensus of $152.69.

Financial Performance: Franco-Nevada reported quarterly revenue of $275.7 million and a net profit of $152.7 million for the quarter ending September 30, showing a decline from last year's revenue of $309.5 million and net profit of $175.1 million.

Earnings Reports Overview: Several companies, including Franco-Nevada Corporation, BioNTech SE, and UroGen Pharma Ltd., are set to report their earnings for the quarter ending December 31, 2024, with varying forecasts indicating decreases in earnings per share compared to the previous year.

Performance Insights: Companies like Telos Corporation and DarioHealth Corp. have shown positive trends by beating earnings expectations in the past year, while others like BioNTech SE and Aligos Therapeutics, despite negative earnings projections, indicate potential for higher growth relative to industry competitors.

Toronto's Mining Sector Decline: Toronto is losing its status as a global mining hub due to declining listings on the TSX Venture Exchange, with numbers dropping from 1,531 to 1,097 since 2010, driven by industry consolidation, foreign investment restrictions, and a sluggish permitting process.

Impact of Government Policies: The Canadian government's tightening of foreign investment rules, particularly against Chinese investors, has discouraged capital inflows, prompting some companies to relocate to more favorable jurisdictions like Abu Dhabi for funding.

Gold Market Overview: Gold has experienced significant growth in 2024, driven by increased demand from central banks and investors amid geopolitical tensions and economic uncertainty. Analysts predict gold prices could reach between $3,000 to $3,300 per ounce by the end of 2025.

Franco-Nevada Corporation Insights: Franco-Nevada Corporation (NYSE:FNV) is highlighted as a strong gold dividend stock, recently increasing its quarterly dividend for the 18th consecutive year. The company is also involved in financing acquisitions and has gained interest from hedge funds, ranking 13th among the best gold dividend stocks.

Analyst Ratings: RBC Capital analyst Josh Wolfson has maintained a Hold rating on Franco-Nevada with a price target of $155.00, while the current consensus suggests a Moderate Buy with an average target of $150.64, indicating a potential upside from current levels.

Company Performance: Franco-Nevada's market cap is $27.1B, and it has recently increased its quarterly dividend by 5.56%, alongside other analysts raising their price targets for the stock.