Franco-Nevada Corporation (NYSE:FNV) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.7 by 10 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 6 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Brokerage firm BMO Capital downgrades its rating on Franco-Nevada Corporation (NYSE:FNV). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on May 12, 2016.
Franco-Nevada Corporation (NYSE:FNV): 9 Analyst have given the stock of Franco-Nevada Corporation (NYSE:FNV) a near short term price target of $65.28. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $10.46. The higher price target estimate is at $81 while the lower price estimates are fixed at $49.
Franco-Nevada Corporation (NYSE:FNV) witnessed a decline in the market cap on Tuesday as its shares dropped 2.54% or 1.79 points. After the session commenced at $69.49, the stock reached the higher end at $69.97 while it hit a low of $68.59. With the volume soaring to 835,754 shares, the last trade was called at $68.81. The company has a 52-week high of $72.88. The company has a market cap of $12,232 million and there are 177,760,470 shares in outstanding. The 52-week low of the share price is $38.2.
Franco-Nevada Corporation has dropped 0.3% in the last five trading days, however, the shares have posted positive gains of 5.02% in the last 4 weeks. Franco-Nevada Corporation is up 7.63% in the last 3-month period. Year-to-Date the stock performance stands at 50.4%.
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.