Franco-Nevada (TSE:FNV) Hits New 52-Week High – Here’s Why

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$213.00 and last traded at C$209.88, with a volume of 185373 shares. The stock had previously closed at C$207.23.

Analysts Set New Price Targets

FNV has been the topic of several analyst reports. TD Securities lowered Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 target price on the stock. in a report on Tuesday. UBS Group upgraded Franco-Nevada to a “strong-buy” rating in a research report on Monday, November 18th. National Bankshares reduced their price objective on shares of Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday. CIBC boosted their target price on shares of Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Finally, Canaccord Genuity Group decreased their price target on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$194.10.

Franco-Nevada Trading Up 2.3 %

The firm has a market capitalization of C$29.40 billion, a price-to-earnings ratio of -46.79, a PEG ratio of 5.00 and a beta of 0.68. The company has a fifty day moving average price of C$195.37 and a two-hundred day moving average price of C$179.27.

Insider Buying and Selling at Franco-Nevada

In related news, Senior Officer Lena Miller sold 1,700 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of C$210.37, for a total value of C$357,620.50. Also, Director Boris De Vries sold 500 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of C$217.08, for a total transaction of C$108,540.35. 0.69% of the stock is owned by company insiders.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.