NYSE:FNVFranco Nevada Stock Price, Forecast & News

Franco Nevada's stock was trading at $102.16 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FNV shares have increased by 50.3% and is now trading at $153.57.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Franco Nevada in the last year. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Franco Nevada Corp (NYSE:FNV) issued its earnings results on Wednesday, August, 5th. The basic materials company reported $0.48 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.47 by $0.01. Franco Nevada had a return on equity of 7.85% and a net margin of 19.91%.
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Franco Nevada declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, September 10th will be given a dividend of $0.26 per share on Thursday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Wednesday, September 9th.
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11 brokerages have issued 12-month price targets for Franco Nevada's shares. Their forecasts range from $97.00 to $245.00. On average, they expect Franco Nevada's share price to reach $157.92 in the next twelve months. This suggests a possible upside of 2.8% from the stock's current price.
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News coverage about FNV stock has trended very positive recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Franco Nevada earned a media sentiment score of 4.0 on InfoTrie's scale. They also assigned news articles about the basic materials company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term.
View the latest news about Franco Nevada.

Franco Nevada saw a decrease in short interest in June. As of June 30th, there was short interest totaling 3,000,000 shares, a decrease of 6.5% from the June 15th total of 3,210,000 shares. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 1.6% of the shares of the stock are short sold.
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Some companies that are related to Franco Nevada include Barrick Gold (ABX), Newmont Goldcorp (NEM), Barrick Gold (GOLD), Wheaton Precious Metals (WPM), Agnico Eagle Mines (AEM), Kirkland Lake Gold (KL), AngloGold Ashanti (AU), Kinross Gold (KGC), Gold Fields (GFI), Sibanye Gold (SBGL), Pan American Silver (PAAS), Yamana Gold (AUY), Alamos Gold (AGI), Harmony Gold Mining (HMY) and First Majestic Silver (AG).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Franco Nevada investors own include Wheaton Precious Metals (WPM), Alibaba Group (BABA), NVIDIA (NVDA), Royal Gold (RGLD), Newmont Goldcorp (NEM), Intel (INTC), Walt Disney (DIS), Barrick Gold (GOLD), Cisco Systems (CSCO) and Micron Technology (MU).

Franco Nevada trades on the New York Stock Exchange (NYSE) under the ticker symbol "FNV."

Franco Nevada's stock is owned by many different retail and institutional investors. Top institutional investors include Swiss National Bank (0.85%), CIBC Asset Management Inc (0.61%), Sumitomo Mitsui Trust Holdings Inc. (0.48%), Principal Financial Group Inc. (0.48%), M&G Investment Management Ltd. (0.37%) and Alleghany Corp DE (0.27%).

FNV stock was sold by a variety of institutional investors in the last quarter, including Addenda Capital Inc., Sumitomo Mitsui Trust Holdings Inc., CIBC Asset Management Inc, M&G Investment Management Ltd., Hexavest Inc., Palisade Capital Management LLC NJ, Unigestion Holding SA, and Veritas Investment Management UK Ltd.

FNV stock was purchased by a variety of institutional investors in the last quarter, including Alleghany Corp DE, Thornburg Investment Management Inc., UBS Group AG, Principal Financial Group Inc., Russell Investments Group Ltd., American Research & Management Co., Swiss National Bank, and Delta Investment Management LLC.

Shares of FNV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of FNV stock can currently be purchased for approximately $153.57.

Franco Nevada has a market capitalization of $29.27 billion and generates $844.10 million in revenue each year. The basic materials company earns $344.10 million in net income (profit) each year or $1.82 on an earnings per share basis. Franco Nevada employs 34 workers across the globe.

The official website for Franco Nevada is www.franco-nevada.com.

Franco Nevada's mailing address is 199 BAY STREET SUITE 2000 COMMERCE COURT WEST, TORONTO A6, M5L 1G9. The basic materials company can be reached via phone at 416-306-6300 or via email at [email protected]