Franco-Nevada (TSE:FNV) Reaches New 12-Month High – Here’s Why

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s share price hit a new 52-week high on Thursday . The company traded as high as C$368.63 and last traded at C$350.35, with a volume of 332359 shares trading hands. The stock had previously closed at C$363.32.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Canaccord Genuity Group cut Franco-Nevada from a “buy” rating to a “hold” rating and increased their target price for the company from C$350.00 to C$380.00 in a report on Monday. CIBC raised their price objective on Franco-Nevada from C$315.00 to C$460.00 in a report on Friday, October 10th. UBS Group lifted their target price on shares of Franco-Nevada from C$260.00 to C$270.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. TD Securities reduced their target price on shares of Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating for the company in a research report on Wednesday, November 5th. 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 note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Franco-Nevada currently has a consensus rating of “Moderate Buy” and a consensus price target of C$290.67.

Franco-Nevada Stock Performance

The firm’s 50 day moving average price is C$303.84 and its two-hundred day moving average price is C$277.11. The firm has a market cap of C$68.15 billion, a PE ratio of 74.11, a PEG ratio of 5.00 and a beta of 0.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings data on Monday, November 3rd. The company reported C$1.43 EPS for the quarter. Franco-Nevada had a negative return on equity of 10.83% and a negative net margin of 57.55%.The firm had revenue of C$679.08 million for the quarter. On average, analysts forecast that Franco-Nevada Co. will post 3.1114111 earnings per share for the current year.

Insider Transactions at Franco-Nevada

In other Franco-Nevada news, insider Bonavie Tek sold 115 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of C$290.52, for a total value of C$33,409.80. Company 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.