Franco-Nevada (TSE:FNV) Hits New 52-Week High After Analyst Upgrade

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV's stock price hit a new 52-week high during mid-day trading on Monday after Stifel Nicolaus raised their price target on the stock from C$220.00 to C$265.00. The stock traded as high as C$245.55 and last traded at C$237.26, with a volume of 210396 shares changing hands. The stock had previously closed at C$236.93.

A number of other equities analysts have also commented on the stock. National Bankshares cut their price objective on shares of Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday, March 11th. CIBC boosted their price target on Franco-Nevada from C$260.00 to C$280.00 in a research note on Thursday, April 17th. BMO Capital Markets raised Franco-Nevada to a "strong-buy" rating in a report on Wednesday, April 16th. Finally, TD Securities downgraded Franco-Nevada from a "buy" rating to a "hold" rating and set a C$152.00 price objective on the stock. in a report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Franco-Nevada has a consensus rating of "Buy" and an average target price of C$209.00.

Insider Buying and Selling

In other Franco-Nevada news, Senior Officer Christopher Bell sold 731 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of C$224.94, for a total transaction of C$164,432.82. Also, Senior Officer Sandip Rana sold 5,675 shares of the 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. Over the last three months, insiders sold 16,054 shares of company stock worth $3,563,292. Corporate insiders own 0.69% of the company's stock.

Franco-Nevada Stock Down 0.8 %

The company has a market capitalization of C$31.98 billion, a price-to-earnings ratio of -50.90, a P/E/G ratio of 5.00 and a beta of 0.68. The stock has a 50 day simple moving average of C$217.17 and a 200 day simple moving average of C$191.64.

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.