Franco-Nevada (TSE:FNV) Hits New 12-Month High - Here's Why

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

Analyst Ratings Changes

FNV has been the subject of a number of recent research reports. TD Securities downgraded shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a C$152.00 price objective for the company. in a report on Tuesday, March 11th. National Bankshares reduced their price target on Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$194.10.

Franco-Nevada Stock Down 0.5 %

The firm has a 50 day simple moving average of C$206.90 and a two-hundred day simple moving average of C$184.76. The stock has a market capitalization of C$30.35 billion, a P/E ratio of -48.31, a PEG ratio of 5.00 and a beta of 0.68.

Insider Activity

In related news, Senior Officer Sandip Rana sold 5,675 shares of the business's stock in a transaction on 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 Paul Brink sold 5,448 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of C$223.81, for a total value of C$1,219,335.40. In the last three months, insiders have sold 16,054 shares of company stock worth $3,563,292. Corporate insiders own 0.69% of the company's stock.

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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.