Franco-Nevada Corporation (FNV) Earns News Sentiment Score of 0.18
News stories about Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Franco-Nevada Corporation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 47.3672953714184 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Franco-Nevada Corporation (NYSE:FNV) Price Target Raised to $88.00 at TD Securities (americanbankingnews.com)
- Franco-Nevada Corporation (FNV) Price Target Increased to $79.50 by Analysts at Scotiabank (americanbankingnews.com)
- Franco Nevada Corp (FNV)’s Trend Up, Especially After Today’s Strong Session (wisdomsave.com)
- Analyzing Franco-Nevada Corporation (FNV) & Harmony Gold Mining Company Limited (HMY) (americanbankingnews.com)
- Franco-Nevada Corporation (FNV) Upgraded to Buy by BidaskClub (bulhufas.com)
FNV has been the topic of several research reports. Deutsche Bank AG reissued a “hold” rating and set a $64.00 price objective (down previously from $65.00) on shares of Franco-Nevada Corporation in a research note on Sunday, June 25th. Zacks Investment Research raised shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Monday, July 24th. ValuEngine raised shares of Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Franco-Nevada Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Credit Suisse Group set a $80.00 price objective on shares of Franco-Nevada Corporation and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Franco-Nevada Corporation presently has an average rating of “Buy” and an average target price of $78.89.
Shares of Franco-Nevada Corporation (NYSE FNV) traded up 3.13% during mid-day trading on Thursday, reaching $77.66. 1,026,698 shares of the company’s stock were exchanged. Franco-Nevada Corporation has a one year low of $53.31 and a one year high of $80.00. The company’s 50-day moving average price is $72.65 and its 200-day moving average price is $69.09. The company has a market capitalization of $14.17 billion, a PE ratio of 99.56 and a beta of -0.03.
Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Tuesday, August 8th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. Franco-Nevada Corporation had a net margin of 21.26% and a return on equity of 4.49%. The company had revenue of $163.60 million during the quarter, compared to analyst estimates of $164.62 million. During the same period last year, the firm posted $0.22 EPS. Franco-Nevada Corporation’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts expect that Franco-Nevada Corporation will post $0.98 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Wednesday, September 13th. Franco-Nevada Corporation’s dividend payout ratio is presently 119.48%.
About Franco-Nevada Corporation
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
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