Franco-Nevada Corporation [FNV] stock prices are down -0.17% to $121.58 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FNV shares have gain 0.96% over the last week, with a monthly amount glided 6.87%, and seem to be holding up well over a long-time horizon.
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On 10, April 2024, Franco-Nevada Launches 2024 ESG Report and Asset Handbook. In a post published today on Yahoo Finance, (in U.S. dollars unless otherwise noted).
From an analyst’s perspective:
Franco-Nevada Corporation [NYSE: FNV] stock has seen the most recent analyst activity on February 29, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $117. Previously, TD Securities downgraded its rating to Hold on October 31, 2023, and dropped its price target to $145. On August 18, 2023, upgrade upgraded it’s rating to Buy. Stifel downgraded its rating to a Hold. Goldman initiated its recommendation with a Neutral. Stifel upgraded its rating to Buy for this stock on July 20, 2022. In a note dated July 19, 2022, Barclays downgraded an Underweight rating on this stock and revised its target price from $130 to $112.
The stock price of Franco-Nevada Corporation [FNV] has been fluctuating between $102.29 and $161.25 over the past year. Currently, Wall Street analysts expect the stock to reach $161.38 within the next 12 months. Franco-Nevada Corporation [NYSE: FNV] shares were valued at $121.58 at the most recent close of the market. An investor can expect a potential return of 32.74% based on the average FNV price forecast.
Analyzing the FNV fundamentals
The Franco-Nevada Corporation [NYSE:FNV] reported sales of 1.22B for trailing twelve months, representing a drop of -5.27%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.61%, Pretax Profit Margin comes in at -0.32%, and Net Profit Margin reading is -0.4%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.08 and Total Capital is 0.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 119.88 points at the first support level, and at 118.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 122.56, and for the 2nd resistance point, it is at 123.54.
Franco-Nevada Corporation [FNV] reported earnings per share of $0.9 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.84/share, meaning a difference of $0.06 and a surprise factor of 7.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.91 per share as compared to estimates of $0.89 per share, a difference of $0.02 representing a surprise of 2.20%.
Ratios To Look Out For
It’s worth pointing out that Franco-Nevada Corporation [NYSE:FNV]’s Current Ratio is 41.19. In addition, the Quick Ratio stands at 41.18 and the Cash Ratio stands at 14.58. Considering the valuation of this stock, the price to sales ratio is 19.17, the price to book ratio is 4.05.
