Franco-Nevada (TSE:FNV) Hits New 12-Month High – Should You Buy?

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$223.14 and last traded at C$219.92, with a volume of 112359 shares traded. The stock had previously closed at C$220.26.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FNV shares. National Bankshares decreased their target price on Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday, March 11th. CIBC raised their target price on Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Finally, TD Securities cut Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 target price for the company. in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Franco-Nevada has a consensus rating of “Buy” and a consensus target price of C$194.10.

Franco-Nevada Stock Up 0.2 %

The stock has a market cap of C$29.95 billion, a price-to-earnings ratio of -47.66, a PEG ratio of 5.00 and a beta of 0.68. The business has a 50-day moving average of C$198.05 and a 200-day moving average of C$180.47.

Insider Buying and Selling at Franco-Nevada

In other news, Director Boris De Vries sold 500 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total value of C$108,540.35. Also, Senior Officer Lena Miller sold 1,700 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of C$210.37, for a total value of C$357,620.50. In the last ninety days, insiders have sold 4,200 shares of company stock worth $909,101. Insiders own 0.69% of the company’s stock.

About Franco-Nevada

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.