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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) reached a new 52-week high on Tuesday . The stock traded as high as C$213.00 and last traded at C$209.88, with a volume of 185373 shares changing hands. The stock had previously closed at C$207.23.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. CIBC boosted their price objective on Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. Canaccord Genuity Group lowered their target price on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research note on Monday, November 18th. National Bankshares dropped their price target on Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday. Finally, TD Securities lowered shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price target on the stock. in a report on Tuesday. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$194.10.

Franco-Nevada Stock Performance

The business has a fifty day simple moving average of C$192.84 and a 200 day simple moving average of C$178.38. The company has a market cap of C$28.51 billion, a P/E ratio of -45.37, a P/E/G ratio of 5.00 and a beta of 0.68.

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.