Somewhat Positive Press Coverage Somewhat Unlikely to Impact Franco-Nevada Corporation (FNV) Share Price
News stories about Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Franco-Nevada Corporation earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 46.2709172005567 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Why You Need To Look At This Factor Before Buying Franco-Nevada Corporation (TSX:FNV) (finance.yahoo.com)
- Franco-Nevada Corp. breached its 50 day moving average in a Bearish Manner : FNV-US : October 2, 2017 (finance.yahoo.com)
- Franco-Nevada Corp. :FNV-US: Earnings Analysis: Q2, 2017 By the Numbers : October 2, 2017 (finance.yahoo.com)
- Franco-Nevada Corporation (FNV) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- 5 Fast Facts About 5-Bagger Franco-Nevada – Madison.com (host.madison.com)
Several research firms have recently commented on FNV. Barclays PLC reaffirmed an “equal weight” rating and issued a $74.00 target price (up previously from $68.00) on shares of Franco-Nevada Corporation in a research report on Tuesday, June 6th. BidaskClub cut Franco-Nevada Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Raymond James Financial, Inc. reissued an “outperform” rating and set a $85.00 price target on shares of Franco-Nevada Corporation in a report on Thursday, June 15th. Credit Suisse Group set a $80.00 price target on Franco-Nevada Corporation and gave the company a “buy” rating in a research note on Wednesday, June 14th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $64.00 price target (down from $65.00) on shares of Franco-Nevada Corporation in a research note on Sunday, June 25th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $80.83.
Shares of Franco-Nevada Corporation (NYSE FNV) opened at 77.95 on Wednesday. Franco-Nevada Corporation has a 12-month low of $53.31 and a 12-month high of $85.03. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of 98.30 and a beta of -0.12. The stock’s 50 day moving average price is $80.28 and its 200 day moving average price is $73.22.
Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings results on Tuesday, August 8th. The basic materials company reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. The company had revenue of $163.60 million for the quarter, compared to analysts’ expectations of $164.62 million. Franco-Nevada Corporation had a net margin of 21.26% and a return on equity of 4.39%. Franco-Nevada Corporation’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. Equities research analysts expect that Franco-Nevada Corporation will post $1.00 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 14th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, September 13th. Franco-Nevada Corporation’s dividend payout ratio (DPR) is presently 119.48%.
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Franco-Nevada Corporation 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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