Franco-Nevada (TSE:FNV) Sets New 12-Month High – Time to Buy?

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) reached a new 52-week high during 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. The stock had previously closed at C$201.88.

Analyst Ratings Changes

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

Franco-Nevada Stock Up 1.0 %

The business has a 50 day simple moving average of C$186.92 and a 200 day simple moving average of C$176.53. The company has a market capitalization of C$27.68 billion, a PE ratio of -44.05, a PEG ratio of 5.00 and a beta of 0.68.

About Franco-Nevada

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.