Franco-Nevada (TSE:FNV) Sets New 1-Year High - Here's What Happened

Shares of Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$229.91 and last traded at C$229.91, with a volume of 62992 shares trading hands. The stock had previously closed at C$219.95.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. National Bankshares dropped their target price on shares of Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday, March 11th. TD Securities lowered shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a C$152.00 target price on the stock. in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$197.25.

Franco-Nevada Trading Up 0.6 %

The stock has a 50 day simple moving average of C$212.06 and a 200-day simple moving average of C$188.47. The firm has a market capitalization of C$32.28 billion, a P/E ratio of -51.38, a P/E/G ratio of 5.00 and a beta of 0.68.

Insider Activity

In other Franco-Nevada news, Senior Officer Sandip Rana sold 5,675 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of C$223.86, for a total value of C$1,270,422.53. Also, Director Boris De Vries sold 500 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of C$217.08, for a total value of C$108,540.35. Insiders sold a total of 16,054 shares of company stock valued at $3,563,292 in the last 90 days. Company insiders own 0.69% of the company's stock.

Franco-Nevada Company Profile

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.