Franco-Nevada (TSE:FNV) Hits New 1-Year High – Here’s What Happened

Franco-Nevada Co. (TSE:FNVGet Free Report) (NYSE:FNV) shares hit a new 52-week high during trading on Monday . The company traded as high as C$206.32 and last traded at C$204.50, with a volume of 112085 shares traded. The stock had previously closed at C$201.85.

Analysts Set New Price Targets

Several research analysts have recently commented on FNV shares. UBS Group raised Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Stifel Nicolaus raised their target price on shares of Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. CIBC lifted their price target on shares of Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Finally, Canaccord Genuity Group reduced their price objective 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. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$190.80.

Get Our Latest Stock Report on FNV

Franco-Nevada Trading Down 0.3 %

The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. The stock has a 50-day moving average price of C$180.74 and a two-hundred day moving average price of C$174.54. The stock has a market cap of C$39.13 billion, a PE ratio of -48.53, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68.

About Franco-Nevada

(Get Free Report)

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.

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