Franco-Nevada (TSE:FNV) Hits New 12-Month High – Should You Buy?

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

Analyst Ratings Changes

A number of equities analysts have issued reports on FNV shares. National Bankshares decreased their price objective on Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday, March 11th. CIBC increased their price target on shares of Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Finally, TD Securities lowered shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price objective on the stock. in a research note on Tuesday, March 11th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$194.10.

Franco-Nevada Stock Down 0.3 %

The firm’s fifty day simple moving average is C$202.10 and its 200-day simple moving average is C$182.35. The firm 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 Sandip Rana sold 5,675 shares of the 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 transaction of C$1,270,422.53. Also, Director Boris De Vries sold 500 shares of Franco-Nevada stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total transaction of C$108,540.35. Insiders sold a total of 9,875 shares of company stock worth $2,179,523 in the last three months. Insiders own 0.69% of the company’s stock.

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.