Franco Nevada (FNV) Getting Somewhat Favorable News Coverage, Study Finds
Media headlines about Franco Nevada (NYSE:FNV) (TSE:FNV) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Franco Nevada earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 47.1664533730841 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- UBS Asset Management Americas Inc. Has $55.58 Million Holdings in Franco Nevada Corp (FNV) (americanbankingnews.com)
- Franco Nevada Corp (FNV) Expected to Announce Quarterly Sales of $175.06 Million (americanbankingnews.com)
- Franco Nevada Corp (FNV) Shares Sold by State of Wisconsin Investment Board (americanbankingnews.com)
- Brokerages Expect Franco Nevada Corp (FNV) to Announce $0.29 Earnings Per Share (americanbankingnews.com)
A number of research analysts have commented on the company. Scotiabank boosted their price objective on 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 boosted their price objective on Franco Nevada from $92.00 to $97.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Canaccord Genuity restated a “buy” rating and set a $121.00 price objective on shares of Franco Nevada in a research note on Tuesday, November 7th. Zacks Investment Research upgraded Franco Nevada from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Thursday, November 9th. Finally, Desjardins restated a “sell” rating on shares of Franco Nevada in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $88.22.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, March 14th. Franco Nevada’s dividend payout ratio (DPR) is 113.58%.
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About Franco Nevada
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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