Franco-Nevada Expects To Be At The Lower End Of Its 2024 Total Geo Sales Guidance Range Of 480,000 To 540,000 GEOs
Portfolio Pulse from Benzinga Newsdesk
Franco-Nevada expects to be at the lower end of its 2024 total GEO sales guidance range of 480,000 to 540,000 GEOs due to lower contributions from diversified assets based on revised commodity prices.
August 13, 2024 | 10:18 pm
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Franco-Nevada expects its 2024 GEO sales to be at the lower end of its guidance range due to lower contributions from diversified assets and revised commodity prices.
The expectation of being at the lower end of the GEO sales guidance range suggests potential revenue shortfalls, which could negatively impact investor sentiment and the stock price in the short term.
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