Franco-Nevada (TSE:FNV) Hits New 52-Week High – What’s Next?

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

Analysts Set New Price Targets

Several brokerages have issued reports on FNV. National Bankshares dropped their target price on Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday, March 11th. 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. Finally, CIBC boosted their price target on Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Franco-Nevada currently has an average rating of “Buy” and an average target price of C$194.10.

Franco-Nevada Stock Up 0.2 %

The company has a market cap of C$30.38 billion, a P/E ratio of -48.35, a P/E/G ratio of 5.00 and a beta of 0.68. The business’s 50 day moving average is C$200.41 and its 200 day moving average is C$181.59.

Insider Buying and Selling

In other news, Senior Officer Sandip Rana sold 5,675 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was 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 the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total value of C$108,540.35. Insiders sold 9,875 shares of company stock valued at $2,179,523 over the last 90 days. Corporate 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.