Franco-Nevada (TSE:FNV) Reaches New 52-Week High – Should You Buy?

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

Analyst Upgrades and Downgrades

Several research firms recently commented on FNV. TD Securities cut Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price target for the company. in a report on Tuesday, March 11th. CIBC raised their target price on Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. National Bankshares lowered their price target on shares of Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday, March 11th. UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Finally, 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. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$194.10.

Franco-Nevada Price Performance

The company has a market cap of C$29.76 billion, a price-to-earnings ratio of -47.37, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. The firm’s 50-day moving average price is C$196.24 and its 200-day moving average price is C$179.67.

Insider Activity

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

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.