Franco-Nevada (TSE:FNV) Reaches New 52-Week High – Here’s What Happened

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) shares hit a new 52-week high on Wednesday . The stock traded as high as C$209.05 and last traded at C$208.04, with a volume of 123840 shares traded. The stock had previously closed at C$206.79.

Wall Street Analyst Weigh In

FNV has been the subject of a number of recent research reports. CIBC lifted their price objective on Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Canaccord Genuity Group decreased their price target on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a research note on Monday, November 18th. Finally, UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a research 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Franco-Nevada currently has a consensus rating of “Buy” and an average target price of C$190.80.

Franco-Nevada Stock Performance

The firm’s 50 day moving average price is C$189.92 and its two-hundred day moving average price is C$177.34. The firm has a market cap of C$28.43 billion, a PE ratio of -45.25, 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.