At the time of writing, Franco-Nevada Corporation [FNV] stock is trading at $129.96, up 1.48%. An important factor to consider is whether the stock is rising or falling in short-term value. The FNV shares have gain 4.87% over the last week, with a monthly amount glided 4.76%, 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 August 15, 2024, when TD Cowen upgraded its rating to a Buy. Previously, Jefferies started tracking the stock with Hold rating on February 29, 2024, and set its price target to $117. On October 31, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $145 on the stock. Stifel upgraded its rating to a Buy. Stifel downgraded its rating to a Hold. In a note dated July 20, 2022, Stifel upgraded an Buy rating on this stock.
For the past year, the stock price of Franco-Nevada Corporation fluctuated between $102.29 and $142.60. 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 $129.96 at the most recent close of the market. An investor can expect a potential return of 21.04% based on the average FNV price forecast.
Analyzing the FNV fundamentals
According to Franco-Nevada Corporation [NYSE:FNV], the company’s sales were 1.13B for trailing twelve months, which represents an -21.21% plunge. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.62%, Pretax Profit Margin comes in at -0.39%, and Net Profit Margin reading is -0.54%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.1 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 128.29 points at the first support level, and at 126.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 130.91, and for the 2nd resistance point, it is at 131.87.
Ratios To Look Out For
It is important to note that Franco-Nevada Corporation [NYSE:FNV] has a current ratio of 29.11. On the other hand, the Quick Ratio is 29.10, and the Cash Ratio is 9.06. Considering the valuation of this stock, the price to sales ratio is 22.14, the price to book ratio is 4.28.
