Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Franco-Nevada Corporation (NYSE: FNV) closed the day trading at $121.67 up 1.00% from the previous closing price of $120.47. In other words, the price has increased by $1.00 from its previous closing price. On the day, 0.6 million shares were traded. FNV stock price reached its highest trading level at $122.495 during the session, while it also had its lowest trading level at $120.49.
Ratios:
For a better understanding of FNV, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 50.25. For the most recent quarter (mrq), Quick Ratio is recorded 41.18 and its Current Ratio is at 41.19. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on February 29, 2024, initiated with a Hold rating and assigned the stock a target price of $117.
On October 31, 2023, TD Securities Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $180 to $145.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FNV now has a Market Capitalization of 23381932032 and an Enterprise Value of 21960036352. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.18 while its Price-to-Book (P/B) ratio in mrq is 4.05. Its current Enterprise Value per Revenue stands at 18.046 whereas that against EBITDA is 21.642.
Stock Price History:
Over the past 52 weeks, FNV has reached a high of $161.25, while it has fallen to a 52-week low of $102.29. The 50-Day Moving Average of the stock is 7.36%, while the 200-Day Moving Average is calculated to be -2.04%.
Shares Statistics:
Over the past 3-months, FNV traded about 740.13K shares per day on average, while over the past 10 days, FNV traded about 734580 shares per day. A total of 192.18M shares are outstanding, with a floating share count of 190.73M. Insiders hold about 0.75% of the company’s shares, while institutions hold 81.99% stake in the company. Shares short for FNV as of 1711584000 were 3350359 with a Short Ratio of 4.53, compared to 1709164800 on 2999609.
Dividends & Splits
FNV’s forward annual dividend rate is 1.38, up from 1.36 a year ago. The stock’s 5-year Average Dividend Yield is 0.92.
Earnings Estimates
Investors are eagerly awaiting the insights provided by Franco-Nevada Corporation analysts currently analyzing and rating the stock of Franco-Nevada Corporation (FNV).The consensus estimate for the next quarter is $38.73, with high estimates of $25.20 and low estimates of $33.90.
