The stock of Franco Nevada Corp (TSE:FNV) is a huge mover today! About 118,732 shares traded hands. Franco Nevada Corp (TSE:FNV) has risen 14.46% since March 31, 2016 and is uptrending. It has outperformed by 13.37% the S&P500.
The move comes after 5 months negative chart setup for the $15.76B company. It was reported on Nov, 4 by Barchart.com. We have $84.99 PT which if reached, will make TSE:FNV worth $788.00 million less.
Franco Nevada Corp (TSE:FNV) Ratings Coverage
Out of 4 analysts covering Franco-Nevada Corp (TSE:FNV), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $110 is the highest target while $54 is the lowest. The $84.17 average target is -5.91% below today’s ($89.46) stock price. Franco-Nevada Corp has been the topic of 11 analyst reports since August 11, 2015 according to StockzIntelligence Inc. TD Securities maintained it with “Hold” rating and $77 target price in Thursday, August 11 report. The company was upgraded on Thursday, November 12 by Canaccord Genuity. The stock of Franco Nevada Corp (TSE:FNV) has “Outperform” rating given on Thursday, October 15 by National Bank Canada.
More important recent Franco Nevada Corp (TSE:FNV) news were published by: Bloomberg.com which released: “Franco-Nevada Shares Jump as Dilution Forgiven in Gold Euphoria” on February 10, 2016, also Fool.com published article titled: “Why Franco-Nevada Corporation’s Stock Jumped 32.5% in February”, Profitconfidential.com published: “Franco Nevada Corp Could Be the Top Gold Stock for 2016…and Beyond” on May 27, 2016. More interesting news about Franco Nevada Corp (TSE:FNV) was released by: Forbes.com and their article: “Franco-Nevada Enters Oversold Territory (FNV)” with publication date: October 04, 2016.
Franco-Nevada Corporation is a gold-focused royalty and stream company. The company has a market cap of $15.76 billion. The Company’s additional interests are in platinum group metals and other resource assets. It has a 214.38 P/E ratio. The Firm operates in the segment of resource sector royalty/stream acquisitions and management activities.
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