Franco-Nevada Corporation (FNV) has risen sharply, recording gains of 5.2% in the past 4 weeks. However, the stock has corrected -0.19% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.8% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Franco-Nevada Corporation is up 18.47% in the last 3-month period. Year-to-Date the stock performance stands at 69.66%. The stock has recorded a 20-day Moving Average of 0.61% and the 50-Day Moving Average is 3.33%.
Franco-Nevada Corporation (NYSE:FNV): The stock opened at $77.72 on Friday but the bulls could not build on the opening and the stock topped out at $78.13 for the day. The stock traded down to $76.05 during the day, due to lack of any buying support eventually closed down at $77.62 with a loss of -1.60% for the day. The stock had closed at $78.88 on the previous day. The total traded volume was 892,162 shares.
Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Franco-Nevada Corporation (NYSE:FNV). The current rating of the shares is Equal-weight, according to the research report released by the firm. The brokerage firm raises the price target from $65 per share to $75 per share. The rating by the firm was issued on August 8, 2016.
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Companys additional interests are in platinum group metals and other resource assets. The Companys business model provides investors with gold price and exploration optionality. The Company has a diversified portfolio of royalties and streams by commodity, geography, revenue type and stage of project. Its assets include Gold (United States), Gold (Canada), Gold (Australia), Gold (Rest of World), Platinum Group Metals, Other Minerals and Oil and Gas. The Companys projects under each of this location include Goldstrike complex, Gold Quarry, Marigold, Pinson, Sterling, Sandman, Robinson, Sudbury basin, Golden Highway, Musselwhite, Hemlo, Hardrock, Duketon, Henty, Red October, Edna May, Wiluna, Palmarejo, Sabodla, Subika, Edikan, Cerro Moro, Ity, Gurupi, Volcan, Stillwater Complex, Pandora, Peculiar Knob, Mt Keith, King Vol, Flying Fox, Weyburn unit, Midale unit, Edson property and among others.