Franco-Nevada (TSE:FNV) Sets New 52-Week High – Time to Buy?

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$229.91 and last traded at C$229.91, with a volume of 62992 shares trading hands. The stock had previously closed at C$219.95.

Wall Street Analyst Weigh In

FNV has been the subject of several research analyst reports. National Bankshares reduced their price target on shares of Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday, March 11th. 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 research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$194.56.

Franco-Nevada Trading Up 4.1 %

The firm has a market capitalization of C$31.06 billion, a PE ratio of -49.43, a PEG ratio of 5.00 and a beta of 0.68. The firm’s fifty day moving average price is C$210.08 and its 200 day moving average price is C$187.28.

Insider Buying and Selling at Franco-Nevada

In other news, Senior Officer Lena Miller sold 1,700 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$210.37, for a total transaction of C$357,620.50. Also, Senior Officer Christopher Bell sold 731 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of C$224.94, for a total transaction of C$164,432.82. Insiders have sold 16,054 shares of company stock worth $3,563,292 over the last 90 days. 0.69% of the stock is currently owned by corporate insiders.

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.