Headlines about Franco Nevada (NYSE:FNV) (TSE:FNV) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. 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 coverage optimism score of 0.14 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 46.1584565413864 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Franco Nevada Corp (FNV) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Franco-Nevada Corp. :FNV-US: Earnings Analysis: Q3, 2017 By the Numbers : January 8, 2018 (finance.yahoo.com)
- Why Franco-Nevada Soared 34% in 2017 – Madison.com (host.madison.com)
- Franco Nevada Target of Unusually High Options Trading (FNV) (americanbankingnews.com)
Several analysts recently issued reports on the company. Scotiabank lifted their target price on Franco Nevada from $82.50 to $85.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 7th. TD Securities raised their price target on Franco Nevada from $92.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Canaccord Genuity restated a “buy” rating and set a $121.00 price target on shares of Franco Nevada in a report on Tuesday, November 7th. Zacks Investment Research upgraded Franco Nevada from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Thursday, November 9th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $100.00 target price on shares of Franco Nevada in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. Franco Nevada has a consensus rating of “Hold” and a consensus target price of $85.10.
Franco Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Monday, November 6th. The basic materials company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.03. Franco Nevada had a return on equity of 4.31% and a net margin of 22.12%. The firm had revenue of $171.50 million during the quarter, compared to analysts’ expectations of $167.07 million. During the same quarter in the previous year, the business earned $0.30 EPS. The company’s quarterly revenue was down .3% on a year-over-year basis. equities analysts anticipate that Franco Nevada will post 1.07 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Thursday, December 7th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, December 6th. Franco Nevada’s 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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