Franco Nevada (TSE:FNV) Hits New 52-Week High at $134.22
Franco Nevada Corp (TSE:FNV) (NYSE:FNV)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$134.22 and last traded at C$134.22, with a volume of 53544 shares trading hands. The stock had previously closed at C$131.48.
A number of equities analysts have commented on FNV shares. National Bank Financial cut their price target on shares of Franco Nevada from C$150.00 to C$145.00 and set a “sector perform” rating for the company in a research note on Monday, November 18th. BMO Capital Markets lifted their price objective on shares of Franco Nevada from C$110.00 to C$130.00 in a report on Wednesday, September 11th. JPMorgan Chase & Co. upped their target price on shares of Franco Nevada from C$110.00 to C$117.00 in a research report on Wednesday, August 14th. Bank of America increased their target price on Franco Nevada from C$128.50 to C$133.00 in a research note on Friday, August 16th. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Franco Nevada in a research report on Thursday, August 8th.
The firm has a market cap of $24.64 billion and a PE ratio of 125.54. The company has a 50 day simple moving average of C$126.85 and a 200-day simple moving average of C$118.92. The company has a debt-to-equity ratio of 4.99, a current ratio of 6.37 and a quick ratio of 4.32.
Franco Nevada Company Profile (TSE:FNV)
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.
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