Franco Nevada (TSE:FNV) Sets New 52-Week High at $134.22
Shares of Franco Nevada Corp (TSE:FNV) (NYSE:FNV) reached a new 52-week high on Tuesday . The company traded as high as C$134.22 and last traded at C$134.22, with a volume of 53544 shares changing hands. The stock had previously closed at C$131.48.
FNV has been the topic of several analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Franco Nevada in a research report on Thursday, August 8th. JPMorgan Chase & Co. increased their price target on Franco Nevada from C$110.00 to C$117.00 in a research report on Wednesday, August 14th. National Bank Financial lowered their price target on Franco Nevada from C$150.00 to C$145.00 and set a “sector perform” rating for the company in a research report on Monday, November 18th. Eight Capital cut Franco Nevada from a “buy” rating to a “neutral” rating and raised their price objective for the company from C$110.00 to C$125.00 in a research note on Thursday, August 8th. Finally, Bank of America lifted their price objective on shares of Franco Nevada from C$128.50 to C$133.00 in a report on Friday, August 16th.
The company has a debt-to-equity ratio of 4.99, a quick ratio of 4.32 and a current ratio of 6.37. The stock has a market cap of $24.64 billion and a PE ratio of 125.54. The company’s 50 day simple moving average is C$126.85 and its 200 day simple moving average is C$118.92.
Franco Nevada Company Profile (TSE:FNV)
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.
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