Somewhat Positive Press Coverage Somewhat Unlikely to Affect Franco Nevada (FNV) Stock Price
Headlines about Franco Nevada (NYSE:FNV) (TSE:FNV) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Franco Nevada earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 46.2923863802777 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Franco Nevada Corp (FNV) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Desjardins Comments on Franco Nevada Corp’s FY2017 Earnings (FNV) (americanbankingnews.com)
- Franco-Nevada Stock Getting Very Oversold – Nasdaq (nasdaq.com)
- Guardian Capital LP Has Upped Its Franco Nevada (FNV) Stake; Floor & Decor Holdings (FND) SI Decreased By 2.23% – Hill Country Times (hillcountrytimes.com)
A number of research firms recently issued reports on FNV. Desjardins restated a “sell” rating on shares of Franco Nevada in a report on Monday. Canaccord Genuity restated a “buy” rating and issued a $121.00 target price on shares of Franco Nevada in a report on Tuesday, November 7th. Scotiabank boosted their target price on shares of Franco Nevada from $82.50 to $85.00 and gave the company a “sector perform” rating in a report on Tuesday, November 7th. TD Securities boosted their target price on shares of Franco Nevada from $92.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Finally, Zacks Investment Research downgraded shares of Franco Nevada from a “buy” rating to a “hold” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $85.70.
Franco Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. Franco Nevada had a net margin of 22.12% and a return on equity of 4.31%. The company had revenue of $171.50 million during the quarter, compared to the consensus estimate of $167.07 million. During the same period in the previous year, the firm earned $0.30 earnings per share. Franco Nevada’s revenue for the quarter was down .3% on a year-over-year basis. sell-side analysts anticipate that Franco Nevada will post 1.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.92 annualized dividend and a yield of 1.20%. Franco Nevada’s dividend payout ratio is currently 113.58%.
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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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