Franco Nevada (FNV) Earning Somewhat Favorable News Coverage, Analysis Finds
Press coverage about Franco Nevada (NYSE:FNV) (TSE:FNV) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Franco Nevada earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 46.5295330308814 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Forget Gold — Your Money Is Better Off in These 3 Stocks – Madison.com (host.madison.com)
- Traders Purchase Large Volume of Franco Nevada Call Options (FNV) (americanbankingnews.com)
- Brokers Issue Forecasts for Franco Nevada Corp’s FY2021 Earnings (FNV) (americanbankingnews.com)
- Financial Analysis: Richmont Mines (RIC) versus Franco Nevada (FNV) (americanbankingnews.com)
- Franco Nevada Corp (FNV) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
Shares of Franco Nevada (NYSE:FNV) traded up $0.46 on Monday, hitting $76.45. 696,430 shares of the stock were exchanged, compared to its average volume of 638,546. The stock has a market capitalization of $14,113.47, a price-to-earnings ratio of 73.07, a P/E/G ratio of 17.70 and a beta of -0.14. Franco Nevada has a 1 year low of $54.69 and a 1 year high of $86.06.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Wednesday, December 6th. Franco Nevada’s dividend payout ratio is currently 116.46%.
Several research firms have commented on FNV. Desjardins reaffirmed a “sell” rating on shares of Franco Nevada in a research note on Monday, December 11th. Canaccord Genuity reaffirmed a “buy” rating and set a $121.00 price objective on shares of Franco Nevada in a research note on Tuesday, November 7th. Scotiabank lifted their price objective on shares of Franco Nevada from $82.50 to $85.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 7th. TD Securities lifted their price objective on shares of Franco Nevada from $92.00 to $97.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research lowered shares of Franco Nevada from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $85.70.
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Franco Nevada Company Profile
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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