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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s stock price reached a new 52-week high on Wednesday . The company traded as high as C$209.05 and last traded at C$208.04, with a volume of 123840 shares. The stock had previously closed at C$206.79.

Analysts Set New Price Targets

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

Franco-Nevada Stock Performance

The company has a 50 day moving average of C$189.92 and a two-hundred day moving average of C$177.34. The stock has a market capitalization of C$28.43 billion, a PE ratio of -45.25, 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.