At the time of writing, Franco-Nevada Corporation [FNV] stock is trading at $123.53, up 0.97%. An important factor to consider is whether the stock is rising or falling in short-term value. The FNV shares have gain 0.46% over the last week, with a monthly amount drifted -7.64%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Franco-Nevada Corporation [NYSE: FNV] stock has seen the most recent analyst activity on November 18, 2024, when Canaccord Genuity upgraded its rating to a Buy. Previously, UBS started tracking the stock with Buy rating on November 18, 2024, and set its price target to $160. On October 01, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $139 on the stock. TD Cowen upgraded its rating to a Buy. Jefferies initiated its recommendation with a Hold and recommended $117 as its price target on February 29, 2024. TD Securities downgraded its rating to Hold for this stock on October 31, 2023, and downed its price target to $145. In a note dated August 18, 2023, Stifel upgraded an Buy rating on this stock.
For the past year, the stock price of Franco-Nevada Corporation fluctuated between $102.29 and $137.60. Currently, Wall Street analysts expect the stock to reach $139 within the next 12 months. Franco-Nevada Corporation [NYSE: FNV] shares were valued at $123.53 at the most recent close of the market. An investor can expect a potential return of 12.52% based on the average FNV price forecast.
Analyzing the FNV fundamentals
According to Franco-Nevada Corporation [NYSE:FNV], the company’s sales were 1.10B for trailing twelve months, which represents an -10.76% plunge. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.63%, Pretax Profit Margin comes in at -0.4%, and Net Profit Margin reading is -0.58%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.11 and Total Capital is 0.11.
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 121.84 points at the first support level, and at 120.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 124.41, and for the 2nd resistance point, it is at 125.30.
Ratios To Look Out For
It is important to note that Franco-Nevada Corporation [NYSE:FNV] has a current ratio of 23.39. On the other hand, the Quick Ratio is 23.38, and the Cash Ratio is 19.87. Considering the valuation of this stock, the price to sales ratio is 21.69, the price to book ratio is 3.97.
