| Franco-Nevada Is on Sale for Cheap | |
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- By Alberto Abaterusso
Following the general collapse in the U.S. equity markets, Franco-Nevada Corp. (FNV) has lost as much as 4.6% and is now trading at the mid-April 2017 level of $69.03 per share. As a result, Franco-Nevada Corp represents an incredible buying opportunity because it is trading far below the 200, 100 and 50-SMA line. The current share price is 5.5% below the midst of a $60.10 to $86.06 52-week range and the Relative Strength Indicator (14-days) is 21.13 of a 20 to 80 range, nearly reaching the so-called "oversold levels". In addition, analysts predict a 17% growth in the market value of the stock in 2018.
Source: Yahoo Finance I wouldn't miss the opportunity to invest in this stock at current market levels. Being a precious metal royalty and streaming company, Franco-Nevada Corp's financials are relieved from mining costs and its income is derived from a well-diversified portfolio of assets.The company's assets and interests are geographically well distributed and cover not only precious metals and other minerals but also the oil and gas industry. Franco-Nevada is a debt-free company is able to use free cash flow entirely for business growth purposes and to disperse quarterly dividends to shareholders. A quarterly dividend of 23 cents per share, was announced by the company on Thursday, Feb. 8. Franco-Nevada will pay the quarterly dividend on March 29 to shareholders of record as of March 15. The payment is in line with the previous one and the ex-dividend date is scheduled for March 14. The forward dividend is 92 cents and the forward yield is 1.33% versus an industry median of 2.44%. (Disclosure:I have no positions in any security mentioned in this article.) This article first appeared on GuruFocus.
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Franco Nevada Corp.
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PRODUCER |
CODE : FNV.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Franco Nevada is a zinc and lead royalty company based in Canada. Franco Nevada produces zinc, lead, copper, gold, nickel, pgm, platinum, silver and uranium in Australia, in Canada, in Ghana, in Indonesia, in Mauritania, in Mexico, in South Africa and in USA, develops copper, gold, lead, molybdenum, nickel, silver and zinc in Canada, in Dominican Republic and in Greece, and holds various exploration projects in Argentina and in Australia. Its main assets in production are BALD MOUNTAIN in USA, HEMLO, HOLLISTER, ROBINSON (NEVADA) and HOLLOWAY in Canada, NORTH LANUT and MT. MURO in Indonesia, EZULWINI, MARIGOLD, MESQUITE, PANDORA JV and (MWS) BUFFELSFONTEIN TAILING PROJECT in South Africa, TASIAST in Mauritania, CERRO SAN PEDRO, PALMAREJO, GOLDSTRIKE and STILLWATER MINE in Mexico, MOUNT KEITH - OC and MOUNT KEITH - SP in Australia and AHAFO SOUTH in Ghana, its main assets in development are DEE PROJECT, TULSEQUAH CHIEF, ROSEMONT RANCH and PROSPERITY in Canada, PERAMA HILL in Greece and FALCONDO MINE in Dominican Republic and its main exploration properties are DETOUR LAKE, EDSON, WEYBURN UNIT and MIDALE UNIT in Canada, TARICORI and PINSON in Peru, PECULIAR KNOB, ADMIRAL HILL and MOOLART WELL in Australia and CALCATREU in Argentina. Franco Nevada is listed in Canada and in United States of America. Its market capitalisation is CA$ 29.1 billions as of today (US$ 21.2 billions, € 19.8 billions). Its stock quote reached its lowest recent point on March 08, 2019 at CA$ 100.00, and its highest recent level on April 24, 2024 at CA$ 163.00. Franco Nevada has 178 480 000 shares outstanding. |