Franco-Nevada (TSE:FNV) Hits New 52-Week High – Here’s What Happened

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$225.00 and last traded at C$224.99, with a volume of 10293 shares trading hands. The stock had previously closed at C$223.53.

Analyst Ratings Changes

A number of brokerages recently commented on FNV. National Bankshares decreased their target price on Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday, March 11th. CIBC raised their price objective on Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Finally, TD Securities downgraded Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price objective for the company. in a research note on Tuesday, March 11th. Two 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$194.10.

Franco-Nevada Stock Performance

The stock has a fifty day moving average of C$202.10 and a 200 day moving average of C$182.35. The company has a market capitalization of C$30.19 billion, a PE ratio of -48.05, a PEG ratio of 5.00 and a beta of 0.68.

Insider Buying and Selling

In related news, Senior Officer Lena Miller sold 1,700 shares of the business’s stock in a transaction dated 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, Senior Officer Sandip Rana sold 5,675 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of C$223.86, for a total value of C$1,270,422.53. Over the last quarter, insiders sold 9,875 shares of company stock worth $2,179,523. 0.69% of the stock is owned by 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.