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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) reached a new 52-week high on Friday . The company traded as high as C$328.68 and last traded at C$323.47, with a volume of 234443 shares traded. The stock had previously closed at C$312.64.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating and raised their target price for the stock from C$322.00 to C$350.00 in a research note on Wednesday, October 22nd. TD Securities cut their price objective 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. CIBC boosted their target price on shares of Franco-Nevada from C$315.00 to C$460.00 in a report on Friday, October 10th. UBS Group raised their price target on shares of Franco-Nevada from C$260.00 to C$270.00 and gave the stock a “buy” rating in a 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 analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$287.33.

Franco-Nevada Price Performance

The firm has a market capitalization of C$61.37 billion, a price-to-earnings ratio of 66.74, a PEG ratio of 5.00 and a beta of 0.70. The stock has a 50 day moving average price of C$283.61 and a two-hundred day moving average price of C$265.07.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its earnings results on Monday, November 3rd. The company reported C$1.43 EPS for the quarter. The company had revenue of C$679.08 million during the quarter. Franco-Nevada had a negative return on equity of 10.83% and a negative net margin of 57.55%. As a group, research analysts expect that Franco-Nevada Co. will post 3.1114111 earnings per share for the current fiscal year.

Insider Buying and Selling at Franco-Nevada

In related news, insider Bonavie Tek sold 115 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of C$290.52, for a total transaction 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.