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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) reached a new 52-week high on Tuesday . The stock traded as high as C$228.00 and last traded at C$226.36, with a volume of 13682 shares changing hands. The stock had previously closed at C$226.33.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FNV. TD Securities lowered Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price target for the company. in a report on Tuesday, March 11th. National Bankshares cut their price objective on Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday, March 11th. Two investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$194.10.

Franco-Nevada Price Performance

The firm has a 50-day moving average of C$206.90 and a 200-day moving average of C$184.76. The stock has a market cap of C$30.52 billion, a PE ratio of -48.57, a PEG ratio of 5.00 and a beta of 0.68.

Insider Activity

In related news, Director Boris De Vries sold 500 shares of the 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. Also, Senior Officer Sandip Rana sold 5,675 shares of the firm’s 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 value of C$1,270,422.53. Insiders have sold a total of 16,054 shares of company stock worth $3,563,292 over the last quarter. 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.