With over 0.46 million Franco-Nevada Corporation (FNV) shares trading Friday and a closing price of $110.81 on the day, the dollar volume was approximately $51.51 million. The shares have shown a negative half year performance of -22.29% and its price on 12/29/23 lost nearly -0.37%. Currently, there are 191.89M common shares owned by the public and among those 190.70M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for FNV have a consensus price objective of $147.86. The analysts have set the share’s price value over the next 12 months at a high of $184.35 and a low of $103.57. The average price target is 23.0% above its recent price level and a downside to the estimated low will see the stock lose -6.99% over that period. But an upside of 39.89% will see the stock hit the forecast high price target while median target price for the stock is $146.97.
The top 3 mutual fund holders in Franco-Nevada Corporation are VanEck Gold Miners ETF, MFS International Intrinsic Value, and Fidelity Contrafund. VanEck Gold Miners ETF owns 7.22 million shares of the company’s stock, all valued at over $809.06 million. Fidelity Contrafund sold -0.44 million shares to bring its total holdings to over 3.7 million shares at a value of $414.51 million. Fidelity Contrafund now owns shares totaling to 1.93% of the shares outstanding.
Shares of Franco-Nevada Corporation (NYSE: FNV) opened at $110.30, down -$0.92 from a prior closing price of $111.22. However, the script later moved the day high at 111.22, down -0.37%. The company’s stock has a 5-day price change of 0.83% and -16.99% over the past three months. FNV shares are trading -18.81% year to date (YTD), with the 12-month market performance down to -18.98% lower. It has a 12-month low price of $102.29 and touched a high of $161.25 over the same period. FNV has an average intraday trading volume of 781.94K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.90%, -6.74%, and -19.75% respectively.
Institutional ownership of Franco-Nevada Corporation (NYSE: FNV) shares accounts for 81.41% of the company’s 191.89M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $21.29B and a beta (3y monthly) value of 0.73. The stock’s trailing 12-month PE ratio is 31.26, while the earnings-per-share (ttm) stands at $3.54. The company has a PEG of 6.95 and a Quick Ratio of 37.69 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.74% over the week and 2.34% over the month.
Analysts forecast that Franco-Nevada Corporation (FNV) will achieve an EPS of $0.84 for the current quarter, $0.84 for the next quarter and $3.36 for 2024. The lowest estimate earnings-per-share for the quarter is $0.76 while analysts give the company a high EPS estimate of $0.94. Comparatively, EPS for the current quarter was $0.86 a year ago. Earnings per share for the fiscal year are expected to decrease by -3.51%, and -1.16% over the next financial year. EPS should shrink at an annualized rate of 4.50% over the next five years, compared to 28.11% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Franco-Nevada Corporation (FNV) as a “Moderate Buy” at a consensus score of 2.11. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 3 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the FNV, a number of firms have released research notes about the stock. TD Securities stated their Hold rating for the stock in a research note on October 31, 2023, with the firm’s price target at $180-$145.
