Franco-Nevada (TSE:FNV) Sets New 12-Month High – Time to Buy?

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$207.17 and last traded at C$206.76, with a volume of 147508 shares changing hands. The stock had previously closed at C$201.88.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FNV shares. UBS Group raised Franco-Nevada to a “strong-buy” rating in a research report on Monday, November 18th. Canaccord Genuity Group lowered their price objective on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research report on Monday, November 18th. Finally, CIBC raised their price target on Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$190.80.

Franco-Nevada Trading Up 1.0 %

The stock has a 50 day simple moving average of C$186.92 and a 200-day simple moving average of C$176.53. The firm has a market capitalization of C$27.68 billion, a P/E ratio of -44.05, a P/E/G ratio of 5.00 and a beta of 0.68.

Franco-Nevada Company Profile

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.