Somewhat Positive Media Coverage Somewhat Unlikely to Affect Franco-Nevada Corporation (FNV) Stock Price
News coverage about Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Franco-Nevada Corporation earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 46.5949640343706 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Franco-Nevada Corporation (NYSE:FNV) opened at 80.89 on Friday. Franco-Nevada Corporation has a 52 week low of $53.31 and a 52 week high of $85.03. The company has a market cap of $15.00 billion, a P/E ratio of 102.01 and a beta of -0.07. The firm has a 50-day moving average price of $78.77 and a 200-day moving average price of $71.68.
Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last posted its earnings results on Tuesday, August 8th. The basic materials company reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. The business had revenue of $163.60 million during the quarter, compared to analyst estimates of $164.62 million. Franco-Nevada Corporation had a return on equity of 4.39% and a net margin of 21.26%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 EPS. Equities research analysts anticipate that Franco-Nevada Corporation will post $1.00 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, September 13th. Franco-Nevada Corporation’s payout ratio is 119.48%.
FNV has been the subject of several recent research reports. ValuEngine upgraded Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Barclays PLC reiterated an “equal weight” rating and set a $74.00 price target (up previously from $68.00) on shares of Franco-Nevada Corporation in a report on Tuesday, June 6th. BidaskClub downgraded Franco-Nevada Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $85.00 price target on shares of Franco-Nevada Corporation in a report on Thursday, June 15th. Finally, Credit Suisse Group set a $80.00 price target on Franco-Nevada Corporation and gave the stock a “buy” rating in a report on Wednesday, June 14th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $80.65.
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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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