Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV's share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$225.00 and last traded at C$224.99, with a volume of 10293 shares traded. The stock had previously closed at C$223.53.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. National Bankshares reduced their price target on shares of Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday, March 11th. CIBC lifted their target price on shares of Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Finally, TD Securities cut Franco-Nevada from a "buy" rating to a "hold" rating and set a C$152.00 price target on the stock. in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$194.10.
View Our Latest Research Report on FNV
Franco-Nevada Stock Performance
The stock has a market cap of C$30.38 billion, a P/E ratio of -48.35, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. The company's fifty day moving average price is C$203.74 and its 200-day moving average price is C$183.10.
Insider Activity
In other Franco-Nevada news, Senior Officer Sandip Rana sold 5,675 shares of Franco-Nevada 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 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 transaction of C$108,540.35. Over the last ninety days, insiders sold 16,054 shares of company stock valued at $3,563,292. 0.69% of the stock is currently owned by company insiders.
About Franco-Nevada
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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.
Further Reading
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