Franco-Nevada (TSE:FNV) Reaches New 12-Month High – Here’s Why

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group lowered shares of Franco-Nevada from a “buy” rating to a “hold” rating and increased their target price for the stock from C$350.00 to C$380.00 in a report on Monday. CIBC lifted their target price on Franco-Nevada from C$315.00 to C$460.00 in a report on Friday, October 10th. TD Securities lowered their target price on Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating for the company in a research note on Wednesday, November 5th. 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 research report on Tuesday, December 2nd. Finally, Royal Bank Of Canada raised 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$290.67.

Franco-Nevada Price Performance

The firm has a 50 day moving average of C$303.84 and a two-hundred day moving average of C$277.11. The stock has a market cap of C$68.15 billion, a PE ratio of 74.11, a PEG ratio of 5.00 and a beta of 0.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Monday, November 3rd. The company reported C$1.43 EPS for the quarter. The company 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, equities analysts anticipate that Franco-Nevada Co. will post 3.1114111 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Bonavie Tek sold 115 shares of the business’s 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. 0.69% of the stock is currently owned by company 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.