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

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) hit a new 52-week high during mid-day 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 traded. The stock had previously closed at C$329.68.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. CIBC increased their price objective on shares of Franco-Nevada from C$315.00 to C$460.00 in a research note on Friday, October 10th. Royal Bank Of Canada raised Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 target price on the stock in a research note on Wednesday, December 10th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating and increased their price objective for the company from C$322.00 to C$350.00 in a report on Wednesday, October 22nd. UBS Group raised their target price on shares of 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, TD Securities decreased their price objective 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. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Franco-Nevada currently has a consensus rating of “Buy” and an average target price of C$287.33.

Franco-Nevada Trading Up 1.2%

The company has a market capitalization of C$64.33 billion, a PE ratio of 69.96, a PEG ratio of 5.00 and a beta of 0.70. The firm’s 50-day simple moving average is C$288.55 and its 200-day simple moving average is C$268.13.

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

Insider Buying and Selling at Franco-Nevada

In related news, insider Bonavie Tek sold 115 shares of the company’s 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 owned by insiders.

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.