Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, the United States, Canada, and internationally. It operates in two segments, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids. The company was founded in 1983 and is headquartered in Toronto, Canada.
Franco-Nevada Stock Performance
Franco-Nevada stock traded up $0.88 during midday trading on Tuesday, reaching $131.79. The stock had a trading volume of 593,253 shares, compared to its average volume of 668,946. The firm's fifty day simple moving average is $134.04 and its 200-day simple moving average is $144.10. Franco-Nevada has a 1-year low of $122.38 and a 1-year high of $169.32. The stock has a market capitalization of $25.24 billion, a P/E ratio of 33.81, a price-to-earnings-growth ratio of 8.99 and a beta of 0.62.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on FNV shares. Stifel Nicolaus upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Wednesday, July 20th. Barclays cut Franco-Nevada from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $130.00 to $112.00 in a report on Tuesday, July 19th. National Bank Financial reduced their target price on Franco-Nevada from C$225.00 to C$205.00 in a report on Thursday, July 21st. Raymond James set a $190.00 target price on Franco-Nevada and gave the stock an "outperform" rating in a report on Friday, May 6th. Finally, KeyCorp reduced their target price on Franco-Nevada from $180.00 to $143.00 and set an "overweight" rating on the stock in a report on Monday, July 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $172.00.