Shares of Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$175.58 and traded as high as C$201.79. Franco-Nevada shares last traded at C$200.91, with a volume of 215,261 shares changing hands.
Analysts Set New Price Targets
FNV has been the subject of a number of recent analyst reports. Canaccord Genuity Group decreased 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 report on Monday, November 18th. UBS Group upgraded shares of Franco-Nevada to a "strong-buy" rating in a research report on Monday, November 18th. Finally, CIBC boosted their target price on shares of Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned 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 target price of C$190.80.
View Our Latest Analysis on Franco-Nevada
Franco-Nevada Price Performance
The firm has a market capitalization of C$26.77 billion, a price-to-earnings ratio of -42.60, a PEG ratio of 5.00 and a beta of 0.68. The business's fifty day simple moving average is C$184.51 and its 200 day simple moving average is C$175.75.
Franco-Nevada Company Profile
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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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