Franco Nevada Corp (NYSE:FNV) has been downgraded to Sector Perform in a statement by National Bank Financial earlier today.
- Updated: October 15, 2016
National Bank Financial has downgraded Franco Nevada Corp (NYSE:FNV) to Sector Perform in a report released on 10/13/2016.
Just yesterday Franco Nevada Corp (NYSE:FNV) traded -2.00% lower at $63.61. Franco Nevada Corp’s 50-day moving average is $69.77 and its 200-day moving average is $70.59. The last stock close price is down -10.29% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 472,100 shares of the stock were exchanged, down from an average trading volume of 642,802
Recent Performance Chart
Franco Nevada Corp has PE ratio of 187.37 with a one year low of $41.47 and a one year high of $81.16 and has a market capitalization of $0.
A total of 12 equity analysts have released a ratings update on FNV. 0 brokers rating the company a strong buy, three analysts rating the stock a buy, 5 brokerages rating the company a hold, one equity analyst rating the company a underperform, and finally zero firms rating the stock a sell with a consensus target price of $61.28.
About Franco Nevada Corp (NYSE:FNV)
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company's additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company's business model provides investors with gold price and exploration optionality. The Company has a diversified portfolio of royalties and streams by commodity, geography, revenue type and stage of project. Its assets include Gold (the United States), Gold (Canada), Gold (Australia), Gold (Rest of World), Platinum Group Metals, Other Minerals, and Oil and Gas. The Company's projects include Goldstrike complex, Gold Quarry, Marigold, Pinson, Sterling, Sandman, Robinson, Sudbury basin, Golden Highway, Musselwhite, Hemlo, Hardrock, Duketon, Henty, Red October, Edna May, Wiluna, Palmarejo, Sabodla, Subika, Edikan, Cerro Moro and Edson property.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.