The stock of Franco Nevada Corp (TSE:FNV) is a huge mover today! About 74,408 shares traded hands. Franco Nevada Corp (TSE:FNV) has declined 10.82% since April 21, 2016 and is downtrending. It has underperformed by 16.23% the S&P500.
The move comes after 6 months positive chart setup for the $13.56 billion company. It was reported on Nov, 25 by Barchart.com. We have $83.59 PT which if reached, will make TSE:FNV worth $1.22 billion more.
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. Franco-Nevada Corp has been the topic of 15 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was upgraded by Canaccord Genuity to “Buy” on Thursday, November 12. National Bank Canada upgraded Franco Nevada Corp (TSE:FNV) on Thursday, October 15 to “Outperform” rating. The stock of Franco Nevada Corp (TSE:FNV) earned “Outperform” rating by RBC Capital Markets on Tuesday, November 8. The firm has “Sector Perform” rating by Scotia Capital given on Tuesday, November 8. TD Securities maintained the shares of FNV in a report on Thursday, August 11 with “Hold” rating. On Wednesday, November 9 the stock rating was maintained by TD Securities with “Hold”.
More news for Franco Nevada Corp (TSE:FNV) were recently published by: Fool.com, which released: “Why Franco-Nevada Corporation’s Stock Jumped 32.5% in February” on March 14, 2016. Bloomberg.com‘s article titled: “Franco-Nevada Shares Jump as Dilution Forgiven in Gold Euphoria” and published on February 10, 2016 is yet another important article.
Franco-Nevada Corporation is a gold-focused royalty and stream company. The company has a market cap of $13.56 billion. The Company’s additional interests are in platinum group metals and other resource assets. It has a 109.94 P/E ratio. The Firm operates in the segment of resource sector royalty/stream acquisitions and management activities.
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