Franco-Nevada (TSE:FNV) Hits New 52-Week High - Time to Buy?

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$244.46 and last traded at C$244.17, with a volume of 332565 shares. The stock had previously closed at C$231.17.

Analyst Ratings Changes

FNV has been the subject of a number of analyst reports. BMO Capital Markets raised their price objective on Franco-Nevada from C$260.00 to C$261.00 in a research report on Wednesday, May 28th. Bank of America lowered their price objective on Franco-Nevada from C$272.00 to C$266.00 in a research report on Wednesday, May 28th. Stifel Nicolaus raised their price objective on Franco-Nevada from C$220.00 to C$265.00 in a research report on Monday, April 21st. CIBC raised their price objective on Franco-Nevada from C$260.00 to C$280.00 in a research report on Thursday, April 17th. Finally, National Bankshares decreased their target price on Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday, March 11th.

Franco-Nevada Stock Down 2.8%

The firm has a 50 day moving average of C$228.75 and a 200 day moving average of C$203.36. The firm has a market cap of C$31.99 billion, a price-to-earnings ratio of -50.91, a PEG ratio of 5.00 and a beta of 0.68.

Insider Buying and Selling at Franco-Nevada

In related news, Senior Officer Christopher Bell sold 731 shares of Franco-Nevada stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of C$224.94, for a total transaction of C$164,432.82. Also, Director Boris De Vries sold 500 shares of Franco-Nevada 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. Over the last quarter, insiders sold 16,054 shares of company stock valued at $3,563,292. 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.