Franco-Nevada (TSE:FNV) Sets New 1-Year High – Here’s Why

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$356.78 and last traded at C$348.01, with a volume of 440243 shares trading hands. The stock had previously closed at C$350.00.

Wall Street Analysts Forecast Growth

FNV has been the subject of several research reports. TD Securities decreased their price objective on shares of Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating for the company in a report on Wednesday, November 5th. CIBC lifted their target price on shares of Franco-Nevada from C$315.00 to C$460.00 in a research report on Friday, October 10th. 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 for the company in a research note on Wednesday, December 10th. UBS Group increased their price target on Franco-Nevada from C$260.00 to C$270.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating and raised their price target for the stock from C$322.00 to C$350.00 in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$287.33.

Franco-Nevada Stock Performance

The stock has a fifty day moving average of C$294.36 and a 200 day moving average of C$271.78. The company has a market capitalization of C$67.27 billion, a PE ratio of 73.16, a PEG ratio of 5.00 and a beta of 0.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings data 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 during the quarter. Franco-Nevada had a negative net margin of 57.55% and a negative return on equity of 10.83%. As a group, equities analysts predict that Franco-Nevada Co. will post 3.1114111 EPS for the current year.

Insiders Place Their Bets

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

Franco-Nevada Company Profile

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.