Franco-Nevada (TSE:FNV) Hits New 1-Year High - Should You Buy?

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV hit a new 52-week high during mid-day trading on Monday . The company 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 Analyst Weigh In

A number of analysts have recently issued reports on the stock. CIBC increased their price objective on shares of Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. UBS Group raised shares of Franco-Nevada to a "strong-buy" rating in a research note on Monday, November 18th. Stifel Nicolaus increased their price objective on shares of Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Finally, Canaccord Genuity Group cut 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 research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$190.80.

Franco-Nevada Trading Down 4.0 %

The firm has a market capitalization of C$26.61 billion, a PE ratio of -42.35, a PEG ratio of 5.00 and a beta of 0.68. The business's 50 day simple moving average is C$181.99 and its 200 day simple moving average is C$174.93.

About Franco-Nevada

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.