Franco-Nevada (TSE:FNV) Sets New 1-Year High – What’s Next?

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) shares hit a new 52-week high during trading on Monday . The company traded as high as C$369.13 and last traded at C$368.65, with a volume of 181789 shares trading hands. The stock had previously closed at C$356.43.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on Franco-Nevada from C$340.00 to C$380.00 in a research report on Tuesday, February 10th. TD Securities dropped their price objective on 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. Canadian Imperial Bank of Commerce raised their target price on shares of Franco-Nevada from C$460.00 to C$480.00 in a research note on Wednesday, February 4th. UBS Group lifted their price target on shares of 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. Finally, Royal Bank Of Canada raised shares of Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 price target for the company in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Franco-Nevada presently has an average rating of “Moderate Buy” and an average target price of C$305.67.

Franco-Nevada Price Performance

The company has a market capitalization of C$71.55 billion, a P/E ratio of 77.81, a PEG ratio of 5.00 and a beta of 0.78. The business’s 50-day moving average price is C$321.30 and its two-hundred day moving average price is C$291.31.

Insider Activity

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