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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$206.32 and last traded at C$204.50, with a volume of 112085 shares traded. The stock had previously closed at C$201.85.

Wall Street Analysts Forecast Growth

FNV has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. Canaccord Genuity Group lowered their target price on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a report on Monday, November 18th. CIBC raised their price objective on Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Finally, UBS Group upgraded Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Two equities 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$190.80.

Franco-Nevada Stock Performance

The business’s fifty day moving average price is C$180.74 and its 200-day moving average price is C$174.54. The stock has a market cap of C$39.13 billion, a PE ratio of -48.53, a P/E/G ratio of 5.00 and a beta of 0.68. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11.

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.