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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$223.14 and last traded at C$219.92, with a volume of 112359 shares. The stock had previously closed at C$220.26.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FNV shares. TD Securities downgraded Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price objective on the stock. in a research note on Tuesday, March 11th. CIBC lifted their price target on Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Finally, National Bankshares dropped their price target on Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday, March 11th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$194.10.

Franco-Nevada Stock Performance

The company has a market cap of C$29.95 billion, a P/E ratio of -47.66, a PEG ratio of 5.00 and a beta of 0.68. The company has a fifty day moving average price of C$198.05 and a two-hundred day moving average price of C$180.47.

Insider Activity

In other news, Senior Officer Lena Miller sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of C$210.37, for a total transaction of C$357,620.50. Also, Director Boris De Vries sold 500 shares of the business’s 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 value of C$108,540.35. Insiders sold 4,200 shares of company stock worth $909,101 in the last quarter. 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.