Franco-Nevada (TSE:FNV) Sets New 1-Year High – What’s Next?

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$369.13 and last traded at C$368.65, with a volume of 181789 shares traded. The stock had previously closed at C$356.43.

Analyst Ratings Changes

Several research firms have commented on FNV. Stifel Nicolaus boosted their target price on Franco-Nevada from C$340.00 to C$380.00 in a research note on Tuesday, February 10th. TD Securities cut their price objective on shares of 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. Canadian Imperial Bank of Commerce increased their target price on shares of Franco-Nevada from C$460.00 to C$480.00 in a report on Wednesday, February 4th. 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 research report on Tuesday, December 2nd. Finally, Royal Bank Of Canada raised shares of Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 price target on the stock in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$305.67.

Franco-Nevada Stock Up 4.1%

The business has a fifty day moving average of C$321.30 and a 200 day moving average of C$291.31. The firm has a market cap of C$71.55 billion, a P/E ratio of 77.81, a PEG ratio of 5.00 and a beta of 0.78.

Insider Activity at Franco-Nevada

In related news, insider Bonavie Tek sold 115 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of C$290.52, for a total transaction of C$33,409.80. Corporate insiders own 0.69% of the company’s stock.

About Franco-Nevada

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.