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TORONTO - Franco-Nevada Corporation, a $30.12 billion market cap company specializing in gold and silver ores, has filed a report with the Securities and Exchange Commission (SEC) today, detailing the upcoming Annual and Special Meeting of Shareholders. The meeting is scheduled for shareholders to convene and discuss company matters, coming at a time when the company’s stock is trading near its 52-week high of $159.38.
The filing, a Form 6-K, serves as a report for foreign private issuers and includes information pertinent to the meeting. According to the document, the meeting’s agenda will cover management-related topics and other special items that require shareholder approval. InvestingPro data shows the company maintains impressive gross profit margins of 88.52% and has raised its dividend for 17 consecutive years, highlighting strong operational performance.
Franco-Nevada, which operates under the industry classification of Gold & Silver Ores, is incorporated in jurisdiction Z4 and has its fiscal year-end on December 31. The company’s business and mailing address is located at 199 Bay Street, Suite 2000, Commerce Court West, Toronto, Ontario, Canada.
The SEC filing includes Exhibit 99.1, which contains the Notice and Management Information Circular for the 2025 Annual and Special Meeting of Shareholders, and Exhibit 99.2, the Form of Proxy. These documents are now incorporated by reference into the registrant’s registration statements on Form F-3, Form S-8, and Form F-10.
Lloyd Hong, the Chief Legal Officer & Corporate Secretary of Franco-Nevada Corporation, signed the report, fulfilling the company’s obligation under the Securities Exchange Act of 1934.
This announcement is of particular interest to investors and stakeholders of Franco-Nevada Corporation, as it outlines the procedural aspects of the shareholder meeting where key decisions about the company’s management and operations will be made. The company’s next earnings report is scheduled for April 30, 2025. For deeper insights into Franco-Nevada’s financial health (rated "GREAT" by InvestingPro) and access to 15+ additional ProTips, investors can explore the comprehensive Pro Research Report available on InvestingPro. The information is based on a press release statement.
In other recent news, Franco-Nevada Corporation reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.95 and revenue of $321 million, both exceeding forecasts. The company noted a 5.8% year-over-year increase in revenue, highlighting its strong performance and strategic acquisitions. H.C. Wainwright recently raised Franco-Nevada’s stock price target to $180 from $165, maintaining a Buy rating, reflecting confidence in the company’s asset base and growth prospects. The firm also noted Franco-Nevada’s robust balance sheet, with approximately $1.5 billion in cash and no debt, supporting its potential for growth. Analysts from H.C. Wainwright anticipate additional revenue streams from assets like Yanacocha and Western Limb, expecting these to drive growth in 2025. The company’s strategic focus on expanding its energy assets and pursuing new acquisitions is part of its growth outlook. Franco-Nevada’s recent completion of construction projects in Brazil and increased dividends for the 18th consecutive time further underscore its positive trajectory.
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