Today’s Price Action: What’s Ahead for Franco Nevada Corp After Today’s Huge Increase?

Today's Price Action: What's Ahead for Franco Nevada Corp After Today's Huge Increase?

The stock of Franco Nevada Corp (NYSE:FNV) is a huge mover today! About 293,623 shares traded hands. Franco Nevada Corp (NYSE:FNV) has risen 8.00% since April 5, 2016 and is uptrending. It has outperformed by 6.04% the S&P500.
The move comes after 5 months positive chart setup for the $11.63B company. It was reported on Nov, 8 by Barchart.com. We have $94.20 PT which if reached, will make NYSE:FNV worth $5.12 billion more.

Analysts await Franco Nevada Corp (NYSE:FNV) to report earnings on November, 9. They expect $0.24 EPS, up 100.00% or $0.12 from last year’s $0.12 per share. FNV’s profit will be $42.67 million for 68.15 P/E if the $0.24 EPS becomes a reality. After $0.22 actual EPS reported by Franco Nevada Corp for the previous quarter, Wall Street now forecasts 9.09% EPS growth.

Franco Nevada Corp (NYSE:FNV) Ratings Coverage

Out of 13 analysts covering Franco-Nevada Corp (NYSE:FNV), 4 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 31% are positive. Franco-Nevada Corp has been the topic of 23 analyst reports since August 11, 2015 according to StockzIntelligence Inc. UBS downgraded the shares of FNV in a report on Monday, March 28 to “Neutral” rating. As per Monday, September 7, the company rating was downgraded by Zacks. The rating was downgraded by Credit Suisse on Thursday, February 4 to “Neutral”. Deutsche Bank upgraded Franco Nevada Corp (NYSE:FNV) on Friday, September 9 to “Hold” rating. The stock of Franco Nevada Corp (NYSE:FNV) has “Outperform” rating given on Monday, August 24 by RBC Capital Markets. On Thursday, October 13 the stock rating was downgraded by National Bank Canada to “Sector Perform”. The rating was maintained by Barclays Capital on Tuesday, November 10 with “Underweight”. BMO Capital Markets downgraded the shares of FNV in a report on Thursday, May 12 to “Market Perform” rating. The firm earned “Neutral” rating on Monday, March 14 by JP Morgan. BMO Capital Markets initiated Franco Nevada Corp (NYSE:FNV) rating on Monday, September 14. BMO Capital Markets has “Outperform” rating and $70 price target.

According to Zacks Investment Research, “Franco-Nevada Corporation is a gold focused royalty and stream company with additional interests in platinum group metals and other resource assets. The Company’s assets are mostly mineral and oil & gas royalties or streams but also include some working and equity interests, undeveloped properties, options to acquire royalties and other assets. The mineral assets are further characterized by commodity as being in the Gold, PGM or Other Minerals categories and these in turn are further subdivided by their project status as being either, Operating, Advanced or Exploration royalties. Majorities of the Mineral Royalties are characterized as being Gold and the majority of revenues are from gold operations. The Oil & Gas interests are located primarily in the Western Canadian sedimentary basin with a larger amount of revenue generated from conventional oil than from natural gas properties. Franco-Nevada Corporation is headquartered in Toronto, Canada.”

More important recent Franco Nevada Corp (NYSE:FNV) news were published by: Seekingalpha.com which released: “Franco Nevada: Now What?” on November 08, 2016, also Bloomberg.com published article titled: “Franco-Nevada Shares Jump as Dilution Forgiven in Gold Euphoria”, Fool.com published: “Why Franco-Nevada Corporation’s Stock Jumped 32.5% in February” on March 14, 2016. More interesting news about Franco Nevada Corp (NYSE:FNV) was released by: Profitconfidential.com and their article: “Franco Nevada Corp Could Be the Top Gold Stock for 2016…and Beyond” with publication date: May 27, 2016.

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