Franco-Nevada Corporation [FNV] stock is trading at $122.90, up 1.68%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FNV shares have gain 0.98% over the last week, with a monthly amount glided 1.26%, 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 October 01, 2024, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $139 from $142. Previously, TD Cowen upgraded its rating to Buy on August 15, 2024. On February 29, 2024, Jefferies initiated with a Hold rating and assigned a price target of $117 on the stock. TD Securities downgraded its rating to a Hold and decreased its price target to $145 on October 31, 2023. Stifel upgraded its rating to a Buy. Stifel downgraded its rating to Hold for this stock on January 20, 2023. In a note dated September 12, 2022, Goldman initiated an Neutral rating.
Franco-Nevada Corporation [FNV] stock has fluctuated between $102.29 and $142.60 over the past year. Currently, Wall Street analysts expect the stock to reach $154.25 within the next 12 months. Franco-Nevada Corporation [NYSE: FNV] shares were valued at $122.90 at the most recent close of the market. An investor can expect a potential return of 25.51% based on the average FNV price forecast.
Analyzing the FNV fundamentals
Franco-Nevada Corporation [NYSE:FNV] reported sales of 1.13B for the trailing twelve months, which represents a drop of -21.21%. 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 121.63 points at the first support level, and at 120.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 123.61, and for the 2nd resistance point, it is at 124.33.
Ratios To Look Out For
For context, Franco-Nevada Corporation’s Current Ratio is 29.11. As well, the Quick Ratio is 29.10, while the Cash Ratio is 9.06. Considering the valuation of this stock, the price to sales ratio is 20.94, the price to book ratio is 4.05.
