The Franco-Nevada Corporation (FNV) shares are trading at higher $163.36 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $81.27.
To add more color to this target, the company’s high over the last year is $159.92 and the low is $77.18. Over the last 52 weeks, FNV is up 2.15% while the S&P 500 is up 0.73%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, FNV reported a profit of $132.5 million. Franco-Nevada Corporation also saw revenues increase to $240.5 million. In addition, FNV has free cash flow of $160.7 million as of 03-2020. The company’s EBITDA came in at $190.7 million which compares well with its peers.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. FNV has a short ratio of 3.28 and outstanding shares of 189.94M.
FNV has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.7 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.95. Franco-Nevada Corporation FNV also noted assets of $4.98 billion at the end of the last quarter. Investors should also keep an eye on sector updates as FNV has historically followed its peers on positive news.
All told, Franco-Nevada Corporation FNV has strung together solid data and demonstrated underlying fundamentals. At its current valuation, FNV represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Franco-Nevada Corporation FNV is now commanding a market cap of 31.03B and a float of 188.60M. FNV is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of FNV stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in FNV, either long or short, and we have not been compensated for this article.