Franco-Nevada (TSE:FNV) Reaches New 1-Year High – Still a Buy?

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) 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 trading hands. The stock had previously closed at C$201.88.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FNV shares. UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. Canaccord Genuity Group cut their price target on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a report on Monday, November 18th. Finally, CIBC upped their price objective on Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Franco-Nevada has an average rating of “Buy” and an average price target of C$190.80.

Franco-Nevada Trading Up 1.3 %

The stock has a 50-day moving average price of C$188.48 and a two-hundred day moving average price of C$176.92. The stock has a market cap of C$28.02 billion, a price-to-earnings ratio of -44.60, a PEG ratio of 5.00 and a beta of 0.68.

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.