Franco Nevada Corp (FNV) Getting Somewhat Positive Press Coverage, Study Finds

News headlines about Franco Nevada Corp (NYSE:FNV) (TSE:FNV) have been trending somewhat positive this week, Alpha One Sentiment reports. The research group, a unit of Accern, identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Franco Nevada Corp earned a news sentiment score of 0.15 on Alpha One’s scale. Alpha One also gave media stories about the basic materials company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have effected AlphaOne’s analysis:

Shares of Franco Nevada Corp (NYSE:FNV) opened at 72.94 on Friday. Franco Nevada Corp has a 52-week low of $53.31 and a 52-week high of $81.16. The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 95.85 and a beta of 0.08. The company’s 50 day moving average price is $68.51 and its 200 day moving average price is $63.91.

Franco Nevada Corp (NYSE:FNV) last posted its quarterly earnings data on Tuesday, May 9th. The basic materials company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Franco Nevada Corp had a return on equity of 3.71% and a net margin of 16.54%. The business had revenue of $172.70 million for the quarter, compared to analyst estimates of $158.75 million. During the same quarter in the prior year, the company earned $0.17 earnings per share. On average, analysts predict that Franco Nevada Corp will post $0.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, June 13th. This is a positive change from Franco Nevada Corp’s previous quarterly dividend of $0.22. Franco Nevada Corp’s dividend payout ratio is 169.23%.

A number of analysts recently weighed in on FNV shares. Credit Suisse Group AG set a $79.00 target price on Franco Nevada Corp and gave the stock a “buy” rating in a research report on Saturday, March 25th. TD Securities reaffirmed a “buy” rating on shares of Franco Nevada Corp in a research note on Wednesday, May 10th. Barclays PLC reaffirmed a “hold” rating and issued a $68.00 price target on shares of Franco Nevada Corp in a research note on Wednesday, April 5th. Zacks Investment Research raised Franco Nevada Corp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 21st. Finally, Deutsche Bank AG decreased their price target on Franco Nevada Corp from $66.00 to $65.00 and set a “hold” rating on the stock in a research note on Tuesday, March 21st. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $76.35.

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Franco Nevada Corp 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.

12 Month Chart for NYSE:FNV

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