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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as C$333.27 and last traded at C$335.00, with a volume of 213744 shares. The stock had previously closed at C$329.68.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TD Securities lowered their target price on Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating on the stock in a research report on Wednesday, November 5th. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating and raised their price target for the company from C$322.00 to C$350.00 in a research note on Wednesday, October 22nd. UBS Group upped their price objective on Franco-Nevada from C$260.00 to C$270.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. CIBC raised their target price on shares of Franco-Nevada from C$315.00 to C$460.00 in a research note on Friday, October 10th. Finally, Royal Bank Of Canada upgraded shares of Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 target price on the stock in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Franco-Nevada presently has an average rating of “Buy” and an average price target of C$287.33.

Franco-Nevada Stock Performance

The firm has a fifty day simple moving average of C$291.30 and a 200-day simple moving average of C$269.39. The firm has a market cap of C$65.31 billion, a price-to-earnings ratio of 71.02, a P/E/G ratio of 5.00 and a beta of 0.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings data on Monday, November 3rd. The company reported C$1.43 EPS for the quarter. The firm 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%. Analysts expect that Franco-Nevada Co. will post 3.1114111 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Franco-Nevada news, insider Bonavie Tek sold 115 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of C$290.52, for a total value of C$33,409.80. 0.69% of the stock is currently owned by corporate insiders.

About 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.