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

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) reached a new 52-week high on Tuesday . The company traded as high as C$228.00 and last traded at C$226.36, with a volume of 13682 shares trading hands. The stock had previously closed at C$226.33.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FNV shares. National Bankshares dropped their target price on Franco-Nevada from C$220.00 to C$215.00 in a 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 research report on Tuesday, March 11th. Two equities research 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. Based on data from MarketBeat, Franco-Nevada has a consensus rating of “Buy” and a consensus target price of C$194.10.

Franco-Nevada Stock Performance

The stock has a 50-day simple moving average of C$206.90 and a two-hundred day simple moving average of C$184.76. The firm has a market cap of C$30.52 billion, a PE ratio of -48.57, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68.

Insider Activity at Franco-Nevada

In other Franco-Nevada news, Senior Officer Sandip Rana sold 5,675 shares of the business’s stock in a transaction dated 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 dated Thursday, March 13th. The shares were sold at an average price of C$217.08, for a total transaction of C$108,540.35. Insiders have sold a total of 16,054 shares of company stock worth $3,563,292 over the last quarter. Company 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.