The stock of Franco Nevada Corp (TSE:FNV) is a huge mover today! About 470,852 shares traded hands. Franco Nevada Corp (TSE:FNV) has declined 8.51% since April 8, 2016 and is downtrending. It has underperformed by 13.49% the S&P500.
The move comes after 5 months negative chart setup for the $12.07 billion company. It was reported on Nov, 14 by Barchart.com. We have $69.09 PT which if reached, will make TSE:FNV worth $724.20 million less.
Franco Nevada Corp (TSE:FNV) Ratings Coverage
Out of 6 analysts covering Franco-Nevada Corp (TSE:FNV), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $115 is the highest target while $54 is the lowest. The $92.29 average target is 25.56% above today’s ($73.5) stock price. Franco-Nevada Corp has been the topic of 15 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Franco Nevada Corp (TSE:FNV) earned “Hold” rating by TD Securities on Wednesday, November 9. The stock of Franco Nevada Corp (TSE:FNV) earned “Outperform” rating by RBC Capital Markets on Tuesday, November 8. Canaccord Genuity upgraded Franco Nevada Corp (TSE:FNV) on Thursday, November 12 to “Buy” rating. The rating was maintained by TD Securities on Thursday, August 11 with “Hold”. Scotia Capital maintained Franco Nevada Corp (TSE:FNV) rating on Tuesday, November 8. Scotia Capital has “Sector Perform” rating and $80 price target. The stock has “Outperform” rating given by National Bank Canada on Thursday, October 15.
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 $12.07 billion. The Company’s additional interests are in platinum group metals and other resource assets. It has a 104.94 P/E ratio. The Firm operates in the segment of resource sector royalty/stream acquisitions and management activities.
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