At the time of writing, Franco-Nevada Corporation [FNV] stock is trading at $127.07, down -1.47%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FNV shares have gain 2.30% over the last week, with a monthly amount glided 6.52%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Franco-Nevada Corporation fluctuated between $102.29 and $146.43. Currently, Wall Street analysts expect the stock to reach $157.31 within the next 12 months. Franco-Nevada Corporation [NYSE: FNV] shares were valued at $127.07 at the most recent close of the market. An investor can expect a potential return of 23.8% based on the average FNV price forecast.
Analyzing the FNV fundamentals
According to Franco-Nevada Corporation [NYSE:FNV], the company’s sales were 1.20B for trailing twelve months, which represents an -7.03% plunge. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.61%, Pretax Profit Margin comes in at -0.33%, and Net Profit Margin reading is -0.42%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.08 and Total Capital is 0.12.
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 125.44 points at the first support level, and at 123.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 129.09, and for the 2nd resistance point, it is at 131.12.
Ratios To Look Out For
It is important to note that Franco-Nevada Corporation [NYSE:FNV] has a current ratio of 29.40. Also, the Quick Ratio is 29.30, while the Cash Ratio stands at 7.81. Considering the valuation of this stock, the price to sales ratio is 20.37, the price to book ratio is 4.20.
