Franco-Nevada (TSE:FNV) Hits New 12-Month High – Here’s What Happened

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$207.17 and last traded at C$206.76, with a volume of 147508 shares traded. The stock had previously closed at C$201.88.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FNV. Canaccord Genuity Group cut their price objective on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a research report on Monday, November 18th. UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. Finally, CIBC raised their price objective on shares of Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Two analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$190.80.

Franco-Nevada Stock Performance

The firm has a market capitalization of C$28.02 billion, a P/E ratio of -44.60, a P/E/G ratio of 5.00 and a beta of 0.68. The stock’s 50 day simple moving average is C$188.48 and its 200 day simple moving average is C$176.92.

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.