Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV's share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$207.17 and last traded at C$206.76, with a volume of 147508 shares changing hands. The stock had previously closed at C$201.88.
Wall Street Analyst Weigh In
FNV has been the subject of a number of research analyst reports. Canaccord Genuity Group cut their price target on Franco-Nevada from C$198.00 to C$190.00 and set a "strong-buy" rating for the company in a report on Monday, November 18th. CIBC lifted their price target on Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Finally, UBS Group raised Franco-Nevada to a "strong-buy" rating in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$190.80.
Read Our Latest Report on Franco-Nevada
Franco-Nevada Trading Down 0.8 %
The stock has a market capitalization of C$27.79 billion, a P/E ratio of -44.22, a PEG ratio of 5.00 and a beta of 0.68. The company has a fifty day simple moving average of C$189.19 and a two-hundred day simple moving average of C$177.13.
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.
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