Franco-Nevada (TSE:FNV) Sets New 12-Month High - What's Next?

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV hit a new 52-week high on Monday . The stock traded as high as C$223.14 and last traded at C$219.92, with a volume of 112359 shares. The stock had previously closed at C$220.26.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. National Bankshares cut their price target on Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday, March 11th. TD Securities downgraded 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. Finally, CIBC increased their price objective on Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$194.10.

Franco-Nevada Trading Down 0.3 %

The firm has a market cap of C$30.13 billion, a PE ratio of -47.95, a P/E/G ratio of 5.00 and a beta of 0.68. The business has a fifty day moving average price of C$199.61 and a 200 day moving average price of C$181.13.

Insider Activity at Franco-Nevada

In related news, Director Boris De Vries sold 500 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total value of C$108,540.35. Also, Senior Officer Lena Miller sold 1,700 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of C$210.37, for a total value of C$357,620.50. Insiders sold a total of 4,200 shares of company stock valued at $909,101 in the last three months. 0.69% of the stock is currently owned by company insiders.

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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.