Somewhat Favorable News Coverage Somewhat Unlikely to Affect Franco-Nevada Corporation (FNV) Share Price
News articles about Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Franco-Nevada Corporation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 47.6568142314351 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Manufacturers Life Insurance Company, The Bought A Little More Franco-Nevada Corporation (FNV) Stock (highlightpress.com)
- KCG Holdings Inc. Reduces Stake in Franco-Nevada Corporation (FNV) – XNewsPress (xnewspress.com)
- Royalty Company Expects Strong Second Half After Another Solid Quarter – Streetwise Reports (registration) (streetwisereports.com)
- Franco-Nevada Corporation (FNV) Holdings Decreased by Norges Bank – AppsforPCdaily (appsforpcdaily.com)
- Franco-Nevada Corporation (NYSE:FNV) Closed Well Above Its 50 Day Moving Average (highlightpress.com)
Several research analysts have recently weighed in on FNV shares. BidaskClub cut shares of Franco-Nevada Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Barclays PLC dropped their price target on shares of Franco-Nevada Corporation from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 13th. Zacks Investment Research upgraded shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Monday, July 24th. Scotiabank lifted their price target on shares of Franco-Nevada Corporation from $78.00 to $79.50 and gave the stock a “sector perform” rating in a research note on Thursday, August 10th. Finally, TD Securities lifted their price target on shares of Franco-Nevada Corporation from $83.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $78.89.
Franco-Nevada Corporation (NYSE:FNV) traded up 0.86% on Tuesday, hitting $78.30. 627,144 shares of the company were exchanged. Franco-Nevada Corporation has a 52 week low of $53.31 and a 52 week high of $80.00. The company has a market capitalization of $14.28 billion, a P/E ratio of 100.38 and a beta of -0.03. The firm’s 50 day moving average is $72.99 and its 200 day moving average is $69.47.
Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings results on Tuesday, August 8th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. Franco-Nevada Corporation had a net margin of 21.26% and a return on equity of 4.39%. The firm had revenue of $163.60 million for the quarter, compared to the consensus estimate of $164.62 million. During the same period in the prior year, the firm posted $0.22 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts forecast that Franco-Nevada Corporation will post $0.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Wednesday, September 13th. Franco-Nevada Corporation’s dividend payout ratio (DPR) is presently 119.48%.
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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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