Franco-Nevada (FNV) Getting Somewhat Favorable News Coverage, Report Finds

Media headlines about Franco-Nevada (NYSE:FNV) (TSE:FNV) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of 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 nearest to one being the most favorable. Franco-Nevada earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 47.3353209407178 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

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Several brokerages recently weighed in on FNV. Zacks Investment Research upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective on the stock in a research report on Thursday, February 15th. Raymond James Financial cut their price objective on shares of Franco-Nevada from $93.00 to $91.00 and set an “outperform” rating on the stock in a research report on Friday, March 9th. Credit Suisse Group set a $80.00 price objective on shares of Franco-Nevada and gave the company a “hold” rating in a research report on Friday, March 9th. Scotiabank set a $86.00 price objective on shares of Franco-Nevada and gave the company a “hold” rating in a research report on Monday, January 22nd. Finally, Clarkson Capital reiterated a “neutral” rating on shares of Franco-Nevada in a research report on Monday, April 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $88.00.

Shares of FNV stock traded up $1.32 during midday trading on Friday, reaching $71.04. 778,963 shares of the company were exchanged, compared to its average volume of 724,795. Franco-Nevada has a 12 month low of $64.90 and a 12 month high of $86.06. The company has a market capitalization of $12,963.06, a price-to-earnings ratio of 65.78, a price-to-earnings-growth ratio of 14.72 and a beta of 0.04.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Wednesday, March 7th. The basic materials company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Franco-Nevada had a return on equity of 4.38% and a net margin of 28.84%. The company had revenue of $167.00 million for the quarter, compared to the consensus estimate of $171.99 million. During the same quarter last year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. sell-side analysts anticipate that Franco-Nevada will post 1.18 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, March 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.30%. Franco-Nevada’s dividend payout ratio (DPR) is 85.19%.

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About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Peru, Chile, Australia, and Africa. The company also holds interests in silver, platinum group metals, oil and gas, and other resource assets. As of December 31, 2017, it had a portfolio of 341 assets.

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