Franco-Nevada (TSE:FNV) Hits New 52-Week High – Time to Buy?

by · The Markets Daily

Franco-Nevada Co. (TSE:FNV – Get Free Report) (NYSE:FNV) reached a new 52-week high on Thursday . The company traded as high as C$368.63 and last traded at C$350.35, with a volume of 332359 shares traded. The stock had previously closed at C$363.32.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FNV shares. UBS Group upped their target price on Franco-Nevada from C$260.00 to C$270.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. CIBC raised their price objective on Franco-Nevada from C$315.00 to C$460.00 in a research report on Friday, October 10th. Canaccord Genuity Group downgraded Franco-Nevada from a “buy” rating to a “hold” rating and raised their target price for the stock from C$350.00 to C$380.00 in a research report on Monday, January 26th. Royal Bank Of Canada upgraded shares of Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 price objective for the company in a research report on Wednesday, December 10th. Finally, TD Securities cut their price objective on shares of Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating on the stock in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$290.67.

View Our Latest Stock Report on FNV

Franco-Nevada Price Performance

The company has a market cap of C$61.45 billion, a P/E ratio of 66.82, a PEG ratio of 5.00 and a beta of 0.70. The stock’s 50-day moving average price is C$306.55 and its 200-day moving average price is C$278.35.

Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) last posted its quarterly earnings results on Monday, November 3rd. The company reported C$1.43 earnings per share (EPS) for the quarter. The business had revenue of C$679.08 million for the quarter. Franco-Nevada had a negative net margin of 57.55% and a negative return on equity of 10.83%. As a group, analysts expect that Franco-Nevada Co. will post 3.1114111 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Bonavie Tek sold 115 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of C$290.52, for a total transaction of C$33,409.80. Company insiders own 0.69% of the company’s stock.

About Franco-Nevada

(Get Free Report)

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.

See Also