The stock of Franco Nevada Corp (TSE:FNV) is a huge mover today! About 49,588 shares traded hands. Franco Nevada Corp (TSE:FNV) has risen 13.79% since April 1, 2016 and is uptrending. It has outperformed by 11.83% the S&P500.
The move comes after 6 months positive chart setup for the $15.63 billion company. It was reported on Nov, 8 by Barchart.com. We have $136.60 PT which if reached, will make TSE:FNV worth $8.44B more.
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 -5.11% below today’s ($88.7) stock price. Franco-Nevada Corp has been the topic of 11 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Franco Nevada Corp (TSE:FNV) has “Buy” rating given on Thursday, November 12 by Canaccord Genuity. The firm has “Hold” rating given on Thursday, August 11 by TD Securities. The company was upgraded on Thursday, October 15 by National Bank Canada.
More 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 the news titled: “Why Franco-Nevada Corporation’s Stock Jumped 32.5% in February” on March 14, 2016. Profitconfidential.com‘s news article titled: “Franco Nevada Corp Could Be the Top Gold Stock for 2016…and Beyond” with publication date: May 27, 2016 was also an interesting one.
Franco-Nevada Corporation is a gold-focused royalty and stream company. The company has a market cap of $15.63 billion. The Company’s additional interests are in platinum group metals and other resource assets. It has a 212.56 P/E ratio. The Firm operates in the segment of resource sector royalty/stream acquisitions and management activities.
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