Franco-Nevada Corporation (NYSE: FNV) stock fell -2.13% on Monday to $117.86 against a previous-day closing price of $120.42. With 0.95 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.56 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $119.98 whereas the lowest price it dropped to was $116.86. The 52-week range on FNV shows that it touched its highest point at $161.25 and its lowest point at $116.40 during that stretch. It currently has a 1-year price target of $155.12. With its current market cap of 22.64 billion, FNV has annualized dividend of $1.36 while the current yield stands at 1.15%. Beta for the stock currently stands at 0.74.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FNV was down-trending over the past week, with a drop of -0.05%, but this was down by -15.17% over a month. Three-month performance dropped to -14.71% while six-month performance fell -22.74%. The stock lost -13.61% in the past year, while it has lost -13.64% so far this year. A look at the trailing 12-month EPS for FNV yields 3.54 with Next year EPS estimates of 3.89. For the next quarter, that number is 0.94. This implies an EPS growth rate of -2.75% for this year and 9.93% for next year. EPS is expected to grow by 4.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 28.11%.
Float and Shares Shorts:
At present, 191.89 million FNV shares are outstanding with a float of 190.70 million shares on hand for trading. On Oct 30, 2023, short shares totaled 4.17 million, which was 2.17% higher than short shares on Sep 28, 2023. In addition to Mr. Paul Brink as the firm’s President, CEO & Director, Mr. Sandip Rana BBA, C.A. serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 74.40% of FNV’s outstanding shares, institutional investors have majority control over the company. With a 3.58% stake in FNV, the VanEck Gold Miners ETF is the largest stakeholder. A total of 6,880,134 shares are owned by the mutual fund manager. The MFS International Intrinsic Value, which owns about 2.40% of FNV stock, is the second-largest Mutual Fund holder. It holds 4,612,540 shares valued at 560.65 million. Fidelity Contrafund holds 2.15% of the stake in FNV, owning 4,137,843 shares worth 502.95 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FNV since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FNV analysts setting a high price target of $185.00 and a low target of $112.00, the average target price over the next 12 months is $155.13. Based on these targets, FNV could surge 56.97% to reach the target high and fall by -4.97% to reach the target low. Reaching the average price target will result in a growth of 31.62% from current levels.
