Franco-Nevada에 대한 매도 수량은 투자자에게 Franco-Nevada의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Franco-Nevada (NYSE:FNV) 주식, 공매도 수량 보고

Franco-Nevada

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada's short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital. The company holds a portfolio of assets, diversified by commodity, revenue type, and stage of a project, primarily located in the US, Canada, and Australia.

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뉴욕 증권 거래소(NYSE)의 여러 주식들은 기술적 문제로 인해 월요일 동부 표준시 오전 9시 40분 이후 갑자기 거래가 중단되었다. 이번 예상치 못한 거래 중단은 일반적으로 단일 주식의 과도한 변동성을 억제하는 데 사용되는 &#34;상향 한도(Limit Up)/하향 한도(Limit Down)&#34; 코드로 분류된 기술적 문제로 인해 촉발되었다.

버크셔 해서웨이, 치폴레 등 뉴욕 증권 거래소 기술적 문제로 일시 거래 중단 발생

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포르투나 실버 마인즈(NYSE:FSM)는 는 서아프리카와 라틴 아메리카 전역의 사업장에서 강력한 1분기 금 및 금 등가물 생산량을 보고했다. 이 회사의 1분기 보고서는 금과 은 생산 모두에서 이러한 귀금속에 대한 상당한 상승세를 보인 한 해 동안 주목할만한 성과를 나타냈다.금 생산은 89,678 온스를 기록했으며, 은은 1.1백만 온스 또는 금 동등 온스 112,543 온스를 기록했다. 이에는 부산물인 납과 아연을 포함한다.

포르투나 실버 마인은 귀금속 가격 급등에 힘입어 강한 Q1 금, 은 생산 강조

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Shares of precious metals companies are trading lower amid a pullback in gold and silver.

SAND

Shares of gold companies are trading higher after the price of the commodity reached all-time highs following last week's Fed rate cut.

Shares of precious metals stocks are trading higher as gold and silver rise after the Fed on Wednesday cut rates by 50 basis points.

Shares of gold stocks are trading higher in sympathy with overall market sentiment after the Fed policy decision to cut rates by 50 basis points.

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Shares of precious metals stocks are trading higher as gold and silver rise amid a drop in the US dollar following recent inflation data.

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Shares of precious metal companies are trading lower amid a drop in the price of gold. Weakness in the commodity may be due to August's ISM Manufacturing PMI data indicating an economic contraction and pending non-farm payrolls data that may determine the size of future rate cuts.

Gold prices plunged below the $1,650 mark in 2022, only to gain momentum in 2023 amid recession disquiets. Gold prices settled above $2000 an ounce last year, and registered 28 record-highs this year.&nbsp;
Following a choppy trading session over the previous two weeks, gold prices surged to an all-time high on Friday, topping $2,500 an ounce, and gaining more than 20% this year. One of the prominent gold ETFs, SPDR Gold MiniShares Trust (ARCA:GLDM) also jumped 21.5% year to date.
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Image Source: Zacks Investment Research
Higher demand for gold from central banks, growing Federal Reserve rate-cut expectations, and geopolitical uncertainties have jacked up the price of the bullion metal, with many market participants estimating gold prices to soar well over $3000 an ounce by the end of 2025.
<h2>Central Banks Boost Demand for Gold</h2>
The demand for gold by central banks worldwide has increased significantly over the past five-year period. Almost one out of 10 ounces of gold produced by the mining industry is now being bought by global central banks, per Bullion Vault&#39;s research director, Adrian Ash.&nbsp;
The total value of gold held by central banks, mostly in China, India and Russia has climbed seven times to $2.4 trillion since 2004, added Ash. China, in particular, bought gold for 18 straight months up to May 2024, but demand for the yellow metal has also increased among smaller countries like Poland and Turkey.
<h2>Lower Interest Rate Environment to Help Gold</h2>
The recent discouraging data from the U.S. housing market reinforced expectations of a swift implementation of interest rate cuts to boost economic growth. Residential construction in the United States slowed down in July, with housing starts and building permits declining.&nbsp;
Meanwhile, with inflationary pressure subsiding, Fed officials would certainly be wary of keeping an aggressive monetary policy in place for a longer than obligatory period.
Thus, in a low-interest rate scenario, money is expected to flow out of high-yielding fixed-income investments and into gold.&nbsp;
<h2>Middle East Tensions Push Gold as Safe Haven</h2>
Unrest in the Middle East further bolstered the demand for the bullion metal since gold is generally perceived as a safe haven, unlike riskier assets such as stocks and bitcoin.
Volatility is expected to spike across global equity markets as the Gaza war rages on and nations fail to make headway, raising concerns of a wider spillover.&nbsp;
<h2>Gold Glitters, So Does Mining Stocks: GOLD, FNV, KGC</h2>
With the price of the yellow metal scaling upward, the profit margins of gold mining stocks such as Barrick Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gold#NYSE">GOLD</a>), Franco-Nevada Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnv#NYSE">FNV</a>) and Kinross Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kgc#NYSE">KGC</a>) are expected to improve. Thus, astute investors should place bets on them. These stocks, currently, possess a Zacks Rank #2 (Buy).
<h3>Barrick Gold</h3>
Barrick Gold is one of the largest gold mining companies in the world and has operations in the United States as well.&nbsp;
The Zacks Consensus Estimate for GOLD&#39;s current-year earnings has increased 14.2% over the past 60 days. The company&#39;s expected earnings growth for the current year is 44.1%.&nbsp;
<h3>Franco-Nevada</h3>
Franco-Nevada functions as a gold-fixated royalty and stream company. FNV has numerous energy assets worldwide, including the United States.&nbsp;
The Zacks Consensus Estimate for FNV&#39;s current-year earnings has increased 1.6% over the past 60 days. The company&#39;s expected earnings growth for the next quarter and year is 2.2% and 11.1%, respectively.
<h3>Kinross Gold</h3>
Kinross Gold explores gold mines and has major assets in the United States and Canada.&nbsp;
The Zacks Consensus Estimate for KGC&#39;s current-year earnings has increased 9.6% over the past 60 days. The company&#39;s expected earnings growth for the current year is 29.6%.&nbsp;
Shares of Barrick Gold, Franco-Nevada and Kinross Gold have gained 9%, 9.9%, and 51.6%, respectively, so far this year.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a6/74577.jpg?v=688669373" style="border-style:solid; border-width:1px" />
Image Source: Zacks Investment Research
<a href="https://www.zacks.com/stock/news/2324008/buy-3-mining-stocks-for-gold-s-bullish-run-gold-fnv-kgc?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2324008">To read this article on Zacks.com click here.</a>

Earnings

Large Cap

Analyst Ratings

Trading Ideas

GLDM

Buy 3 Mining Stocks for Gold's Bullish Run

Scotiabank analyst Tanya Jakusconek maintains Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) with a Sector Perform and raises the price target from $141 to $142.

Price Target

Scotiabank Maintains Sector Perform on Franco-Nevada, Raises Price Target to $142

ICL Group Ltd&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/icl#NYSE">ICL</a>) recorded profits of $115 million or 9 cents per share in second-quarter 2024, down from $163 million or 13 cents in the year-ago quarter.
Barring one-time items, adjusted earnings per share were 10 cents. The bottom line beat the Zacks Consensus Estimate of 9 cents.
Sales fell around 6% yearly to $1,752 million in the quarter. The figure beat the Zacks Consensus Estimate of $1,733.2 million.
<div class="chart_embed">
<h3>ICL Group Ltd. Price, Consensus and EPS Surprise</h3>
<img alt="ICL Group Ltd. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/bc/1723803929.png" style="height:265px; width:570px" title="" />
ICL Group Ltd. price-consensus-eps-surprise-chart | ICL Group Ltd. Quote
</div>
<h3>Segment Highlights</h3>
Sales in the Industrial Products segment rose 5% year over year to $315 million in the quarter. EBITDA remained flat year over year at $74 million. This marks the third consecutive quarter of sequential EBITDA improvement, driven by ongoing cost-saving efforts and strengthening customer relationships.
Sales in the Potash segment dropped 27.5% year over year to $422 million in the said quarter. EBITDA also fell 44% year over year to $118 million.
Sales in the Phosphate Solutions segment inched up 1% year over year, reaching $572 million in the quarter. EBITDA rose 13% year over year to $146 million. This marks the second consecutive quarter of sequential sales improvement, with EBITDA up 11% sequentially. Pricing remained stable during the quarter, though evolving supply dynamics are anticipated to impact future performance.
Sales in the Growing Solutions segment rose 3% year over year to $494 million in the quarter. EBITDA nearly doubled from $22 million registered in the same period last year to $45 million.
<h3>Financials</h3>
At the end of the quarter, ICL had cash and cash equivalents of $287 million, down around 23% year over year. Long-term debt was $1,850 million, down nearly 13% year over year.
Cash provided by operating activities was $316 million in the reported quarter.
<h3>Guidance</h3>
The company updated its full-year 2024 guidance, now projecting specialties-driven EBITDA of $0.8 billion to $1 billion, compared with the previous guidance of $0.7 billion to $0.9 billion. The expected potash sales volumes remain unchanged in the range of 4.6-4.9 million metric tons.
<h3>Price Performance</h3>
ICL&#39;s shares have lost 31.1% in the past year compared with a 23.9% decline in the&nbsp;industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/18/74444.jpg?v=1004147804" />
Image Source: Zacks Investment Research
<h3>Zacks Rank &amp; Key Picks</h3>
ICL currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Newmont Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>), Franco-Nevada Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnv#NYSE">FNV</a>) and Agnico Eagle Mines Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aem#NYSE">AEM</a>). Newmont and Franco-Nevada sport a Zacks Rank #1 (Strong Buy), and Agnico Eagle carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Newmont&#39;s current-year earnings is pegged at $2.82, indicating a rise of 75% from year-ago levels. The consensus estimate for NEM&#39;s earnings has increased 16% in the past 60 days.The stock has gained nearly 28.8% in the past year.
The Zacks Consensus Estimate for FNV&#39;s current-year earnings is pegged at $3.27. The consensus estimate for FNV&#39;s earnings has increased by 3% in the past 60 days. FNV beat the consensus estimate in the last four quarters, with the average earnings surprise being 10.5%.
The Zacks Consensus Estimate for AEM&#39;s current fiscal year earnings is pegged at $3.65, indicating a year-over-year rise of 63.7%. AEM&#39;s earnings beat the Zacks Consensus Estimate in all of the last four quarters, the average earnings surprise being 15.7%. The company&#39;s shares have increased 70% in the past year.
<a href="https://www.zacks.com/stock/news/2323338/icl-group-s-icl-earnings-and-revenues-beat-estimates-in-q2?cid=CS-BENZ-FT-analyst_blog|earnings_article-2323338">To read this article on Zacks.com click here.</a>

Earnings Beats

Mid Cap

Penny Stocks

ICL Group's Earnings and Revenues Beat Estimates in Q2

HC Wainwright &amp; Co. analyst Heiko Ihle reiterates Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) with a Buy and maintains $185 price target.

Reiteration

HC Wainwright & Co. Reiterates Buy on Franco-Nevada, Maintains $185 Price Target

TD Securities analyst Greg Barnes upgrades Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) from Hold to Buy.

Upgrades

TD Securities Upgrades Franco-Nevada to Buy

Franco-Nevada Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnv#NYSE">FNV</a>) reported adjusted earnings of 75 cents per share in second-quarter 2024, missing the Zacks Consensus Estimate of 78 cents. The bottom line decreased 21% year over year.
The company generated revenues of $260 million in the reported quarter, down 21.2% year over year. The downside was driven by lower contributions from Antapaccay, Candelaria and Energy assets, partially offset by record gold prices. In the June-end quarter, 74.2% of revenues were sourced from Precious Metal assets (60.3% gold, 10.8% silver and 3.1% platinum group metals).
The company sold 82,350 Gold Equivalent Ounces (GEOs) from precious metal assets in the reported quarter, down from the prior-year quarter&#39;s 132,033 GEOs.
In the reported quarter, adjusted EBITDA was down 19.5% year over year to $222 million. The adjusted EBITDA margin was 85.3% in the quarter under review compared with the prior-year quarter&#39;s 83.5%.
<div class="chart_embed">
<h3>Franco-Nevada Corporation Price, Consensus and EPS Surprise</h3>
<h3><img alt="Franco-Nevada Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/46/1723643011.png" style="height:281px; width:620px" title="" /></h3>
Franco-Nevada Corporation price-consensus-eps-surprise-chart | Franco-Nevada Corporation Quote
</div>
<h3>Financial Position</h3>
The company had $1.44 billion cash in hand at the end of the second quarter of 2024, up from $1.42 billion as of the end of 2023. It recorded an operating cash flow of $373 million in the first half of 2024, down from $472 million in the prior-year period.
Franco-Nevada is debt-free and uses its free cash flow to expand its portfolio and pay out dividends. FNV now has an available capital of $2.4 billion.
<h3>Other Updates</h3>
On Aug 13, 2024, FNV announced that it acquired a 1.8% net smelter return royalty on Newmont&#39;s Yanacocha operations in Peru from Buenaventura (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bvn#NYSE">BVN</a>). The transaction strengthens Franco-Nevada&#39;s portfolio with immediate gold equivalent ounces and long-term growth prospects.
This transaction is valued at $210 million in cash at closing, plus a $15-million contingent payment in shares.
<h3>Price Performance</h3>
Franco-Nevada&#39;s shares have lost 10.8% in the past year against the industry&#39;s growth of 34.3%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f1/74326.jpg?v=2080571887" />
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
FNV currently flaunts a Zacks Rank #1 (Strong Buy).
<h3>Peer Performances</h3>
Agnico Eagle Mines Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aem#NYSE">AEM</a>) reported adjusted earnings of $1.07 per share in the second quarter of 2024, up from 65 cents in the year-ago quarter. The bottom line topped the Zacks Consensus Estimate of 93 cents.
The company generated revenues of $2.08 billion, up nearly 21% year over year. The top line surpassed the Zacks Consensus Estimate of $1.72 billion.
Kinross Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kgc#NYSE">KGC</a>) reported adjusted earnings of 14 cents per share, in line with the prior-year quarter. The bottom line beat the Zacks Consensus Estimate of 13 cents.
Revenues rose nearly 12% year over year to $1.22 billion in the second quarter. It topped the Zacks Consensus Estimate of $1.02 billion.
<a href="https://www.zacks.com/stock/news/2322161/franco-nevada-fnv-q2-earnings-miss-revenues-decline-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2322161">To read this article on Zacks.com click here.</a>

Earnings Misses

Dividends

Franco-Nevada Q2 Earnings Miss, Revenues Decline Y/Y

Franco-Nevada shares are trading lower after the company reported worse-than-expected Q2 financial results.

Diversified assets are expected to contribute fewer GEOs than initially anticipated based on the revised commodity prices it assumes for the remainder of the year.
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Franco-Nevada Expects To Be At The Lower End Of Its 2024 Total Geo Sales Guidance Range Of 480,000 To 540,000 GEOs

Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) reported quarterly earnings of $0.75 per share which missed the analyst consensus estimate of $0.82 by 8.54 percent. This is a 21.05 percent decrease over earnings of $0.95 per share from the same period last year. The company reported quarterly sales of $260.10 million which missed the analyst consensus estimate of $265.51 million by 2.04 percent. This is a 21.16 percent decrease over sales of $329.90 million the same period last year.

Franco-Nevada Q2 2024 Adj EPS $0.75 Misses $0.82 Estimate, Sales $260.10M Miss $265.51M Estimate

Franco-Nevada announced that its wholly-owned subsidiary has acquired from Compa&ntilde;&iacute;a de Minas Buenaventura S.A.A.and its subsidiary, an existing&nbsp;1.8%&nbsp;net smelter return royalty on all minerals covering Newmont Corporation&#39;s Yanacocha mine and adjacent mineral properties located in&nbsp;Peru.

Franco-Nevada Acquires 1.8% NSR On Newmont's Yanacocha Operations

ArcelorMittal&nbsp;S.A.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mt#NYSE">MT</a>) recently completed the acquisition of 65,243,206 shares, representing approximately 28.4% equity interest in Vallourec. This follows the signing of a Share Purchase Agreement on Mar 12, 2024, and the subsequent approval from relevant antitrust authorities and clearances under foreign investment regulations. The shares were acquired at &euro;14.64 per share from funds managed by Apollo Global Management Inc for a total consideration of approximately &euro;955 million (roughly $1,043 million), subject to the successful completion of the settlement.
Following the completion of the transaction, Genuino Magalhaes Christino, chief financial officer of ArcelorMittal, will become the director of Vallourec. Keith Howell, chief operating officer of ArcelorMittal USA, will be appointed as a director of Vallourec as well. Aditya Mittal will take on the role of observer, subject to the successful settlement.
ArcelorMittal stated that it does not intend to launch a tender offer for the remaining shares of Vallourec over the next six months but will inform the market if this intention changes.
In its comments on the acquisition, ArcelorMittal emphasized Vallourec&#39;s strong position as a leading producer of high-quality tubular products within a market segment poised for growth, mainly driven by emerging clean energy markets. The company highlighted the strategic stake in Vallourec as a valuable addition to its investment portfolio and expressed its commitment to supporting Vallourec&#39;s management team in their efforts to enhance performance.
MT underscored that this acquisition aligns with its broader growth strategy. The company noted that recent acquisitions in Brazil and the United States are delivering strong results. Significant progress is being made on various organic growth projects, many of which are expected to reach completion this year. These initiatives are anticipated to considerably bolster MT&#39;s business by expanding product capabilities, increasing exposure to emerging markets and enhancing overall earnings capacity.
The stock has lost 18.9% in the past year against the&nbsp;industry&#39;s&nbsp;18.6% fall.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ee/73994.jpg?v=931722439" />
Image Source: Zacks Investment Research
In second-quarter earnings call, the company revised its projection for global steel consumption growth, excluding China, to 2.5-3% for 2024, down from its previous estimate of 3-4%. The company continues to forecast capital expenditures for 2024 within the range of $4.5-$5 billion, with $1.4-$1.5 billion allocated to strategic growth projects. The company expects a $1.6 billion-investment in working capital made in the first half of 2024 to reverse by the year-end, supporting a positive outlook for free cash-flow generation. Completing strategic growth projects is anticipated to lead to structurally higher EBITDA and investable cash flow in the future.
<div class="chart_embed">
<h3>ArcelorMittal Price and Consensus</h3>
<img alt="ArcelorMittal Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/7a/1723462652.png" style="height:265px; width:582px" title="" />
ArcelorMittal price-consensus-chart | ArcelorMittal Quote
</div>
<h3>Zacks Rank &amp; Key Picks</h3>
ArcelorMittal currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Newmont Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>), Franco-Nevada Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnv#NYSE">FNV</a>) and Ashland Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ash#NYSE">ASH</a>). Newmont and Franco-Nevada sport a Zacks Rank #1 (Strong Buy), and Ashland currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Newmont&#39;s current-year earnings is pegged at $2.82, indicating a rise of 75% from year-ago levels. The consensus estimate for NEM&#39;s earnings has increased 16% in the past 60 days.The stock has gained nearly 20.9% in the past year.
The Zacks Consensus Estimate for FNV&#39;s current-year earnings is pegged at $3.27. The consensus estimate for FNV&#39;s earnings has increased by 3% in the past 60 days. FNV beat the consensus estimate in the last four quarters, with the average earnings surprise being 10.5%.
The Zacks Consensus Estimate for ASH&#39;s current fiscal year earnings is pegged at $4.6, indicating a year-over-year rise of 13%. ASH&#39;s earnings beat the Zacks Consensus Estimate in three of the last four quarters while missing it once, the average earnings surprise being 27.4%. The company&#39;s shares have increased 5.4% in the past year.
<a href="https://www.zacks.com/stock/news/2320862/arcelormittal-mt-closes-strategic-28-stake-buy-in-vallourec?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2320862">To read this article on Zacks.com click here.</a>

Buybacks

ArcelorMittal Closes Strategic 28% Stake Buy in Vallourec

shares of precious metals stocks are trading lower as gold and silver fall despite overall market uncertainty.

DuPont de Nemours, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dd#NYSE">DD</a>) registered a profit from continuing operations of $176 million or 40 cents per share in the second quarter of 2024. In the year-ago quarter, the company recorded a profit of $269 million or 55 cents per share.
Barring one-time items, earnings came in at 97 cents per share in the reported quarter, topping the Zacks Consensus Estimate of 85 cents.
DuPont&#39;s net sales reached $3,171 million, marking a 2% year-over-year increase and surpassing the Zacks Consensus Estimate of $3,035.8 million. Organic sales remained flat in the quarter, as a 2% increase in volume was counterbalanced by a 2% decrease in price.
The rise in volume was primarily driven by broad-based growth in the electronics sector. However, this was partially offset by year-over-year declines in industrial businesses, particularly in Water Solutions in China and medical packaging within Safety Solutions.
<div class="chart_embed">
<h3>DuPont de Nemours, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="DuPont de Nemours, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/75/1722428726.png" style="height:265px; width:576px" title="" />
DuPont de Nemours, Inc. price-consensus-eps-surprise-chart | DuPont de Nemours, Inc. Quote
</div>
<h3>Segment Highlights</h3>
The company&#39;s Electronics &amp; Industrial segment reported net sales of $1,508 million in the quarter, a 15% year-over-year increase, surpassing our estimate of $1,408.4 million. Organic sales grew 8%, driven by a 10% rise in volume, which was partially offset by a 2% decrease in price.
Semiconductor Technologies saw a more than 20% increase in organic sales, fueled by continued recovery in semiconductor demand, advancements in AI-driven technology and higher volumes for OLED materials due to new product launches. Interconnect Solutions experienced low-teens growth in organic sales, with mid-teens volume gains reflecting a broad-based recovery in consumer electronics. Industrial Solutions faced a low-double-digit decline in organic sales, primarily due to ongoing channel inventory destocking in the Kalrez and biopharma markets.
The Water &amp; Protection unit recorded net sales of $1,391 million, a 7% decrease from the previous year, surpassing our estimate of $1,359.5 million. The decline was due to a 6% drop in organic sales and a 1% currency headwind, with organic sales reflecting a 4% decrease in volume and a 2% decrease in price.
Safety Solutions saw high-single-digit declines in organic sales, mainly due to volume reductions and continued channel inventory destocking for medical packaging products. Water Solutions also experienced high-single-digit declines in organic sales, driven by lower volumes from distributor inventory destocking in China. Conversely, Shelter Solutions achieved low-single-digit growth in organic sales, supported by improved demand in construction markets compared to the prior year.
<h3>Financials</h3>
DuPont had cash and cash equivalents of $1,503 million at the end of the quarter, down around 70% year over year. Long-term debt was $7,168 million, down about 7.8% year over year.
The company generated operating cash flow from continuing operations of $527 million in the second quarter.
<h3>Outlook</h3>
DuPont has revised its financial outlook for the year, raising the company&#39;s projections for net sales, operating EBITDA and adjusted EPS. The company now anticipates full-year 2024 net sales to be $12.45 billion, operating EBITDA to be $3.085 billion and adjusted EPS to be $3.75 per share, based on the midpoint of the updated guidance ranges.
For the third quarter of 2024, DuPont expects a return to year-over-year organic sales growth, led by the Electronics &amp; Industrial segment. Sales and earnings growth in the Water &amp; Protection segment are anticipated to begin in the fourth quarter. The company forecasts net sales of $3.2 billion, operating EBITDA of $815 million and adjusted EPS of $1.03 for the third quarter.
<h3>Price Performance</h3>
DuPont&#39;s shares have increased 4.4% in a year versus a 10.4% decline in the&nbsp;industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b2/72962.jpg?v=2088085748" />
Image Source: Zacks Investment Research
<h3>Zacks Rank &amp; Key Picks</h3>
DuPont currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Basic Materials space are Hecla Mining Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hl#NYSE">HL</a>), Franco-Nevada Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnv#NYSE">FNV</a>) and Ashland Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ash#NYSE">ASH</a>). Hecla and Franco-Nevada sport a Zacks Rank #1 (Strong Buy) and Ashland carries a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Hecla&#39;s current-year earnings is pegged at 5 cents, indicating a rise of 600% from year-ago levels. The consensus estimate for HL&#39;s earnings has increased 25% in the past 60 days.The stock has gained nearly 2.2% in the past year. It will report second-quarter results on Aug 6.
The Zacks Consensus Estimate for FNV&#39;s current-year earnings is pegged at $3.27. The consensus estimate for FNV&#39;s earnings has increased by 3% in the past 60 days. FNV beat the consensus estimate in the last four quarters, with the average earnings surprise being 10.5%. It is scheduled to release second-quarter results on Aug 13.
The Zacks Consensus Estimate for ASH&#39;s current-year earnings is pegged at $4.56, indicating a year-over-year rise of 12%. ASH&#39;s earnings beat the Zacks Consensus Estimate in three of the last four quarters while matching it once, the average earnings surprise being 5.3%. The company&#39;s shares have increased 5.4% in the past year. It is slated to report fiscal third-quarter results on Aug 6.
<a href="https://www.zacks.com/stock/news/2313038/dupont-s-dd-earnings-and-revenues-top-estimates-in-q2?cid=CS-BENZ-FT-analyst_blog|earnings_article-2313038">To read this article on Zacks.com click here.</a>

DuPont's Earnings and Revenues Top Estimates in Q2

U.S. stock markets tumbled on Jul 24, following weaker-than-expected earnings results of a couple of so-called &quot;Magnificent 7&quot; stocks. The three major stock indexes &mdash; the Dow, the S&amp;P 500 and the Nasdaq Composite &mdash; plummeted 1.3% (504.22 points), 2.3% (128.61 points) and 3.6% (654.94 points), respectively. The S&amp;P 500 and the Nasdaq Composite posted their worst single-day performance since 2022.
Wall Street witnessed an impressive bull run in the past 19 months, barring some minor fluctuations. The rally was predominantly driven by big technology stocks, buoyed by the astonishing adoption of generative artificial intelligence globally. Consequently, several AI-centric stocks skyrocketed 200-300% during this period.
However, the situation started changing this month as investors&#39; preferences shifted from highly overvalued technology stocks to beaten-down rate-sensitive cyclical stocks. This happened after market participants&#39; expectations of two Fed rate cuts of 25 basis points this year jumped to more than 90%.
In addition, lower-than-expected earnings of AI-centric big tech stocks rattled investors&#39; sentiment on whether these companies will be able to deliver in the near future in order to support their overstretched valuations.&nbsp;
We believe, the market may remain volatile in the near future as a lot of big tech stocks are yet to report quarterly financial results. Any deviation from the market&#39;s expectations with respect to any metric (financial or operational) will result in volatility.
At this stage, investment in low-beta stocks with a high dividend yield and a favorable Zacks Rank may be the best option. If markets regain momentum, the favorable Zacks Rank of these stocks will capture the upside potential. However, if the downtrend continues, low-beta stocks will minimize portfolio losses and dividend payments will act as a regular income stream.&nbsp;
<h3>Our Top Picks</h3>
We have narrowed our search to five low-beta (beta &gt;0 &lt;1) stocks with a solid dividend yield. These companies have strong growth potential for the rest of 2024 and have seen positive earnings estimate revisions in the past 30 days. Each of our picks carries a Zacks Rank #1 (Strong Buy).
The chart below shows the price performance of our five picks year to date.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/02/72393.jpg?v=1035244647" style="border-style:solid; border-width:1px" />
Image Source: Zacks Investment Research
Interactive Brokers Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibkr#NASDAQ">IBKR</a>) is a global automated electronic broker. IBKR&#39;s efforts to develop proprietary software, low compensation expenses relative to net revenues, an increase in emerging market customers and higher interest rates are expected to boost revenues in the upcoming quarters.&nbsp;
IBKR executes, processes and trades in cryptocurrencies too. The commodities futures trading desk of IBKR also offers customers a chance to trade cryptocurrency futures. We project total net revenues to witness a CAGR of 5.2% over the next three years. IBKR&#39;s enhanced capital distribution plans seem sustainable given a solid liquidity position.
Interactive Brokers Group has an expected revenue and earnings growth rate of 14.7% and 17.6%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.2% over the past 30 days. IBKR has a beta of 0.81 and a current dividend yield of 0.82%.
Reinsurance Group of America Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rga#NYSE">RGA</a>) steadily benefits from a mix of organic and transactional opportunities. RGA&#39;s niche position in reinsurance markets and expansion of international footprint are positives. Individual mortality has matured and provides a base for stable earnings.&nbsp;
Significant value embedded in the in-force business should generate predictable long-term earnings. RGA is poised to benefit from improving life reinsurance pricing environment and higher investment income. A solid solvency position reflects RGA&#39;s ability to make interest payments.
Reinsurance Group of America has an expected revenue and earnings growth rate of 13.4% and 6.2%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.8% over the past 30 days. RGA has a beta of 0.92 and a current dividend yield of 1.54%.
Packaging Corporation of America (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pkg#NYSE">PKG</a>) is poised well to gain from the strong growth in e-commerce activities that continue to support packaging demand. Stable demand for food, beverages, medication and other consumer products will help sustain the demand for the Packaging segment.
The conversion of the No. 3 paper machine at PKG&#39;s Jackson, AL-based mill to liner board through the past few years will enable the company to meet the increase in demand. PKG anticipates higher total corrugated product shipments in 2024.&nbsp;
Packaging Corporation of America has an expected revenue growth rate of 4.1% for the current year. Although its earnings growth rate is negative for the current year, it is 17.6% for next year. The Zacks Consensus Estimate for current-year earnings has improved 1.7% over the past seven days. PKG has a beta of 0.77 and a current dividend yield of 2.59%.
Franco-Nevada Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnv#NYSE">FNV</a>) is well-poised to deliver strong earnings growth, aided by increased contributions from its streaming agreements. Contributions from buyouts, and a healthy portfolio of royalty and streaming agreements will aid the company&#39;s growth. Even though FNV has been facing lower output due to the production halt in Cobre Panama, it is likely to be offset by FNV&#39;s continued focus on cost management.&nbsp;
FNV has a debt-free balance sheet and uses its free cash flow to expand the portfolio and pay dividends. Gold prices have been on an uptrend this year, aided by geopolitical reasons, a depreciating U.S. dollar, the potential for monetary policy easing and continuous purchasing by central banks.&nbsp;
Franco-Nevada has an expected revenue and earnings growth rate of 9.3% and 12%, respectively, for the next year. The Zacks Consensus Estimate for next-year earnings has improved 1.4% over the past seven days. FNV has a beta of 0.74 and a current dividend yield of 1.15%.
Fox Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fox#NASDAQ">FOX</a>) operates as a news, sports, and entertainment company in the United States. FOX operates through Cable Network Programming, Television, and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution.&nbsp;
The U.S. Television segment produces, acquires, markets, and distributes programming through the FOX broadcast network, advertising supported video-on-demand service Tubi, and power broadcast television stations including digital platform. Other, Corporate and Eliminations segment comprises FOX Studio Lot which provides television and film production services including office space, studio operation services, and facility operations, and Credible, a U.S. consumer finance marketplace.
FOX has an expected revenue and earnings growth rate of 9.7% and 10.5%, respectively, for the current year (ending June 2025). The Zacks Consensus Estimate for current-year earnings has improved 0.5% over the past 30 days. FOX has a beta of 0.82 and a current dividend yield of 1.51%.
<a href="https://www.zacks.com/stock/news/2308790/top-5-low-beta-high-yielding-stocks-to-shield-your-portfolio?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2308790">To read this article on Zacks.com click here.</a>

Entertainment

Tech

General

IBKR

Top 5 Low-Beta High-Yielding Stocks to Shield Your Portfolio

Dividend Champion, Contender, And Challenger Highlights: Week Of September 22

Triple Flag: One Of The Best Silver Exposures In The Royalty And Streaming Business

The gold price shot past US$2,600/oz. Silver could be next to soar. Silver Storm has two exciting #silver projects in Mexico, one of which could be back into production in 2H 2025! This company is absurdly cheap vs. peers. High risk/high reward here.

Silver Storm; Primed For Next Leg Of Epic Bull Market!

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Rio Tinto Limited (RTNTF – Research Report), Franco...

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RBC Capital analyst Josh Wolfson maintained a Hold rating on Franco-Nevada (FNV – Research Report) on September 30 and set a price target of $140.0...

RBC Capital Keeps Their Hold Rating on Franco-Nevada (FNV)

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Press Releases

Franco-Nevada Reports Q1 2024 Results

Franco-Nevada Announces Election of Directors

Franco-Nevada and Osisko acquire a gold stream on SolGold's Cascabel Copper-Gold Project

Franco-Nevada To Release Second Quarter 2024 Results

Franco-Nevada Announces the Acquisition of a 1.8% NSR on Newmont's Yanacocha Operations

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