News coverage about Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) has been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Franco-Nevada Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.3676208444824 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Bloomberg: Glencore near creation of new mining royalty company – Seeking Alpha (seekingalpha.com)
- $173.32 Million in Sales Expected for Franco-Nevada Corporation (FNV) This Quarter (americanbankingnews.com)
- Stock Traders Buy Large Volume of Put Options on Franco-Nevada Corporation (FNV) (americanbankingnews.com)
- Franco-Nevada: Another Great Quarter – Seeking Alpha (seekingalpha.com)
- $0.27 EPS Expected for Franco-Nevada Corporation (FNV) This Quarter (americanbankingnews.com)
Several equities research analysts recently weighed in on the company. BidaskClub raised Franco-Nevada Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. ValuEngine raised Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $100.00 price target on shares of Franco-Nevada Corporation in a research note on Monday, October 23rd. TD Securities upped their price target on Franco-Nevada Corporation from $92.00 to $97.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research raised Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research note on Monday, July 31st. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Franco-Nevada Corporation currently has an average rating of “Hold” and a consensus target price of $85.80.
Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last released its earnings results on Monday, November 6th. The basic materials company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. Franco-Nevada Corporation had a return on equity of 4.31% and a net margin of 22.12%. The business had revenue of $171.50 million for the quarter, compared to the consensus estimate of $167.07 million. During the same period in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. equities analysts expect that Franco-Nevada Corporation will post 1.06 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, December 6th. Franco-Nevada Corporation’s dividend payout ratio (DPR) is 116.46%.
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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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