Franco-Nevada (TSE:FNV) Reaches New 12-Month High - Should You Buy?

Key Points

• Franco-Nevada's stock reached a new 12-month high of C$298.77, closing at C$298.41 with significant trading volume of 281,371 shares.
• Analysts have shown optimism, with target price increases from firms like Bank of America, raising it to C$290.00, contributing to an average rating of "Strong Buy."
• Recently, insiders sold 15,560 shares worth over C$4.2 million, indicating potential caution regarding future stock performance.

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV's stock price reached a new 52-week high during trading on Thursday . The company traded as high as C$298.77 and last traded at C$298.41, with a volume of 281371 shares trading hands. The stock had previously closed at C$291.63.

Analyst Upgrades and Downgrades

FNV has been the subject of a number of analyst reports. Canaccord Genuity Group increased their target price on shares of Franco-Nevada from C$262.00 to C$267.00 in a research report on Tuesday, June 10th. BMO Capital Markets increased their price target on shares of Franco-Nevada from C$260.00 to C$261.00 in a report on Wednesday, May 28th. Finally, Bank of America raised their price target on shares of Franco-Nevada from C$255.00 to C$290.00 in a research note on Friday, August 29th. Three investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Strong Buy" and a consensus price target of C$240.00.

Franco-Nevada Trading Up 2.3%

The firm has a market capitalization of C$57.50 billion, a price-to-earnings ratio of 73.32, a PEG ratio of 5.00 and a beta of 0.53. The business's fifty day moving average price is C$250.38 and its 200 day moving average price is C$234.42.

Insider Buying and Selling at Franco-Nevada

In other news, insider Adrian Wong sold 500 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of C$272.00, for a total transaction of C$136,000.00. Following the transaction, the insider directly owned 9,613 shares of the company's stock, valued at C$2,614,736. This represents a 4.94% decrease in their position. Also, insider Christian Thatcher sold 6,000 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of C$273.00, for a total transaction of C$1,638,000.00. Over the last 90 days, insiders sold 15,560 shares of company stock worth $4,228,233. Company insiders own 0.69% of the company's stock.

Franco-Nevada Company Profile

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration.

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