After what was arguably a terrible year for Franco-Nevada (TSX: FNV), the company actually managed to pull off a decent fourth quarter. The major royalty holder hit consensus estimates for both earnings per share and revenue.
While they failed to hit the original guidance issued for 2024, Franco did manage to reach the upper end of revised guidance. Which after the year they had, is basically a major win.
And to top it off, they are trading up on a day when nearly everything in the market is deep in the red.
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