Latest news with #FNV
Business Insider
21 hours ago
- Business
- Business Insider
Franco-Nevada provides update on arbitration proceeding in Panama
Franco-Nevada (FNV) provided an update regarding its arbitration proceeding related to the Cobre Panama mine. Following engagement with the Government of Panama's legal counsel, Franco-Nevada has agreed today to suspend its arbitration proceeding. Franco-Nevada had previously filed a request for arbitration under the Canada-Panama Free Trade Agreement to the International Centre for Settlement of Investment Disputes on June 27, 2024. Confident Investing Starts Here:
The Guardian
3 days ago
- Health
- The Guardian
The Netherlands' world-leading postnatal care facing crisis, unions warn
A key pillar of Dutch maternity services that has led to the Netherlands being hailed as a world leader in postnatal care is under threat, healthcare unions in the country have warned. The Netherlands has long prided itself on its unique system of kraamzorg (maternity care), whereby a maternity care assistant comes to a new family's home for eight days after a baby's birth, caring for mother and infant. But on Tuesday, five healthcare unions are expected to present a manifesto and petition of almost 15,000 signatures to MPs in The Hague, warning that a shortage of labour and competition from other care jobs have left the system facing crisis. The petition calls for a guarantee of the future of good kraamzorg for all mothers and newborns in the Netherlands. The unions want a dedicated ministerial representative and better pay, including for 'waiting' time, where care workers have to be available in case babies are born but receive about €11.50 (£9.80) for an eight-hour shift, before tax. A typical contract of 130 hours a month includes 244 to 265 hours on standby, according to the FNV trade union. 'Last year there were 500 families without a maternity care assistant,' said Daniëlle Verveen, a care assistant from Krommenie, near Amsterdam. 'And the expectation is that this will increase up to 2034, in just 10 years, to 37,000 families without kraamzorg.' Marloes Kortland, from the CNV union, said the kraamzorg system of supporting new parents, checking babies' health and helping with tricky newborn challenges such as breastfeeding was a one-off and deserved to be preserved. 'The Netherlands is the only country that has this care,' she said. 'In the countries around us, women stay for much longer in hospital but here, the care for mother and children is taken up straight away by the maternity care assistants. 'But the problem is that there is a shortage of care assistants, the work pressure is ever greater and more people are leaving. 'Kraamzorg demands a lot of flexibility from people because you never know when a baby will be born … and if you have a family yourself, it is very difficult to combine the two.' Almost one in seven babies are born at home in the Netherlands and, at such a birth, the assistant is present alongside a midwife. In a hospital or maternity unit birth, women are typically discharged within hours and the care worker then visits every day to monitor mother and baby. The system, mostly paid for through health insurance, offers between 24 and 80 hours of care. But in periods such as the summer holiday it is creaking at the seams, said GreenLeft MP and former midwife Elke Slagt-Tichelman. 'If there's a peak with births in a region, it can be exhausting for the maternity care assistants to get the schedule organised, and sometimes parents get less assistance,' she said. Although vital, she added, the job of maternity care assistant was challenging and 'not attractive' from a remunerative point of view. 'Like taking care of the elderly, it is a really underpaid job,' she said. But Verveen – who said that in three years she had saved a 24-hour-old girl from choking and helped 200 families – said the profession had a value far beyond income. 'There is something magical about life as a maternity carer,' she said. 'You help a family start up a new life.'
Yahoo
3 days ago
- Business
- Yahoo
Are You Looking for a Top Momentum Pick? Why Franco-Nevada (FNV) is a Great Choice
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Franco-Nevada (FNV), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Franco-Nevada currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> In order to see if FNV is a promising momentum pick, let's examine some Momentum Style elements to see if this precious metals streaming and royalty company holds up. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For FNV, shares are up 2.72% over the past week while the Zacks Mining - Gold industry is up 2.96% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 7.84% compares favorably with the industry's 15.17% performance as well. While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Franco-Nevada have increased 10.22% over the past quarter, and have gained 47.84% in the last year. On the other hand, the S&P 500 has only moved 8.57% and 11.45%, respectively. Investors should also pay attention to FNV's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. FNV is currently averaging 762,232 shares for the last 20 days. The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with FNV. Over the past two months, 6 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost FNV's consensus estimate, increasing from $4.22 to $4.48 in the past 60 days. Looking at the next fiscal year, 5 estimates have moved upwards while there have been no downward revisions in the same time period. Taking into account all of these elements, it should come as no surprise that FNV is a #1 (Strong Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Franco-Nevada on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Franco-Nevada Corporation (FNV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Is FrancoNevada (FNV) Stock Outpacing Its Basic Materials Peers This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Franco-Nevada (FNV) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question. Franco-Nevada is a member of the Basic Materials sector. This group includes 233 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Franco-Nevada is currently sporting a Zacks Rank of #1 (Strong Buy). The Zacks Consensus Estimate for FNV's full-year earnings has moved 20.5% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Based on the most recent data, FNV has returned 46.1% so far this year. Meanwhile, the Basic Materials sector has returned an average of 9.3% on a year-to-date basis. This means that Franco-Nevada is outperforming the sector as a whole this year. Another stock in the Basic Materials sector, Fortuna Mining (FSM), has outperformed the sector so far this year. The stock's year-to-date return is 60.4%. Over the past three months, Fortuna Mining's consensus EPS estimate for the current year has increased 12%. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, Franco-Nevada belongs to the Mining - Gold industry, a group that includes 39 individual stocks and currently sits at #45 in the Zacks Industry Rank. Stocks in this group have gained about 58.4% so far this year, so FNV is slightly underperforming its industry this group in terms of year-to-date returns. On the other hand, Fortuna Mining belongs to the Mining - Miscellaneous industry. This 58-stock industry is currently ranked #138. The industry has moved +10.9% year to date. Investors with an interest in Basic Materials stocks should continue to track Franco-Nevada and Fortuna Mining. These stocks will be looking to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Franco-Nevada Corporation (FNV) : Free Stock Analysis Report GSK PLC Sponsored ADR (GSK) : Free Stock Analysis Report Intuit Inc. (INTU) : Free Stock Analysis Report Sprouts Farmers Market, Inc. (SFM) : Free Stock Analysis Report Fortuna Mining Corp. (FSM) : Free Stock Analysis Report Aviva PLC (AVVIY) : Free Stock Analysis Report Alfa Laval AB Unsponsored ADR (ALFVY) : Free Stock Analysis Report Alithya Group Inc. (ALYAF) : Free Stock Analysis Report Sendas Distribuidora S.A. Sponsored ADR (ASAIY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
Gold Likely to Shine More on Demand Supply Imbalance: 5 Top Picks
Gold prices have been witnessing a northward journey in recent months, benefiting the stocks associated with yellow metal mining. On May 5, the spot gold price touched $3,415.57/ounce and it thereafter it stayed around $3,300/ounce. Stock prices of several gold miners have jumped year to date. The surge in gold price was driven by investor concerns over the U.S. government's escalating debt, weak demand for long-term treasury bonds and a declining dollar. The northward journey of the yellow metal is likely to continue as the World Gold Council said that the gold mining industry is suffering from a scarcity of the yellow metal deposits. On the demand side, several central banks of emerging economies are continuously buying the yellow metal. Moreover, the use of gold in energy, healthcare and technology is rising. Therefore, an eventual demand-supply imbalance is likely to drive gold prices. At this stage, it should be fruitful to invest in gold mining stocks with a favorable Zacks Rank. Five such stocks are: Franco-Nevada Corp. FNV, Newmont Corp. NEM, Kinross Gold Corp. KGC, Royal Gold Inc. RGLD and Agnico Eagle Mines Ltd. AEM. Each of our picks currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Central banks across the world are in the process of cutting interest rates in order to spur economic growth. A low market interest rate is beneficial for non-income-bearing bullions like gold. Moreover, a weak U.S. dollar has increased demand for dollar-denominated bullions like gold. The prolonged geopolitical conflicts between Russia and Ukraine the intensified war between Israel and Hezbollah, and political unrest in some major South-east Asian countries are concerns for the global political atmosphere. In this situation, the price of gold should remain buoyant as the yellow metal is known as a safe-haven investment. Market participants are optimistic about the gold mining industry's prospects. Giant investment bankers like Goldman Sachs and JP Morgan have forecasted that gold prices could climb to $4,000/ounce by 2026, suggesting continued bullish momentum. The chart below shows the price performance of our five picks year to date. Image Source: Zacks Investment Research Franco-Nevada is well-poised to deliver strong earnings growth aided by increased contributions from its streaming agreements. Contribution from buyouts and a healthy portfolio of royalty and streaming agreements will aid the growth of FNV. Even though the company has been facing lower output due to the production halt in Cobre Panama, it is likely to be offset by FNV's continued focus on cost management. FNV has a debt-free balance sheet and uses its free cash flow to expand the portfolio and pay out dividends. Gold prices have been on an uptrend in 2025, aided by geopolitical reasons, and the potential for monetary policy easing. This rise in gold price will also boost the results of FNV in the coming quarters. Franco-Nevada has an expected revenue and earnings growth rate of 31.5% and 29.9%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.7% over the last seven days. Newmont is making notable progress with its growth projects. NEM is likely to gain from several projects, including the Tanami expansion. The acquisition of Newcrest also created an industry-leading portfolio providing opportunities for significant synergies. NEM also remains focused on improving operational efficiency and returning value to its shareholders. Newmont has received full funds approval for its Ahafo North project, which has reached the execution stage. Commercial production for the project is expected to commence in second-half 2025. NEM remains committed to Ghana, investing $950 million to $1,050 million in development capital for Ahafo North. Newmont has an expected revenue and earnings growth rate of 2% and 20.1%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.2% over the last seven days. Kinross Gold has a strong production profile and boasts a promising pipeline of exploration and development projects. These projects are expected to boost production and cash flow and deliver significant value. KGC is focusing on organic growth through its Tasiast mine, where the Phase One expansion boosted production capacity, and the Tasiast 24K expansion further increased throughput and production. KGC's Manh Choh project at Fort Knox is expected to extend operations and benefit from higher gold prices. The Great Bear project in Ontario also offers a promising long-term opportunity with substantial gold resources. Higher gold prices should also boost KGC's profitability and drive cash flow generation. Kinross Gold has an expected revenue and earnings growth rate of 15.3% and 63.2%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.8% over the last seven days. Royal Gold has been benefiting from its solid streaming agreements. RGLD maintains a strong balance sheet, which is likely to drive growth in the upcoming quarters. This rise in metal prices, like gold and silver, will boost RGLD's results in the coming quarters. Even though RGLD is facing higher interest costs, it will be offset by the tailwinds. RGLD is focused on allocating its strong cash flow to dividends, debt reduction and new businesses. In 2024, RGLD repaid $250 million of debt, effectively eliminating its total debt. This provides the company with the scope to strengthen its portfolio. Royal Gold has an expected revenue and earnings growth rate of 24.1% and 35.2%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.4% over the last 30 days. Agnico Eagle Mines is focused on executing projects that are expected to provide additional growth in production and cash flows. AEM is advancing its key value drivers and pipeline projects. The Kittila expansion promises cost savings, while acquisitions like Hope Bay and the merger with Kirkland Lake Gold strengthen AEM's market position. Merger with Kirkland Lake Gold established the new Agnico Eagle as the industry's highest-quality senior gold producer. Higher gold prices are also expected to drive AEM's margins. Strategic diversification mitigates risks, supported by prudent debt management and maintaining financial flexibility. Agnico Eagle Mines has an expected revenue and earnings growth rate of 23% and 42.6%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 7.3% over the last 30 days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report Franco-Nevada Corporation (FNV) : Free Stock Analysis Report Royal Gold, Inc. (RGLD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
