The stock of Franco-Nevada Corporation (FNV) has gone down by -5.48% for the week, with a 2.23% rise in the past month and a -1.65% drop in the past quarter. The volatility ratio for the week is 2.08%, and the volatility levels for the past 30 days are 2.08% for FNV. The simple moving average for the past 20 days is -2.31% for FNV’s stock, with a 2.90% simple moving average for the past 200 days.
Is It Worth Investing in Franco-Nevada Corporation (NYSE: FNV) Right Now?
FNV has 36-month beta value of 0.77. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for FNV is 191.06M, and currently, short sellers hold a 1.52% ratio of that float. The average trading volume of FNV on October 04, 2024 was 574.01K shares.
FNV) stock’s latest price update
The stock of Franco-Nevada Corporation (NYSE: FNV) has decreased by -2.41 when compared to last closing price of 124.71. Despite this, the company has experienced a -5.48% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-27 that Franco-Nevada’s Q2-24 results showed a 35% decline in GEO sales year-over-year, impacted by lower contributions from key assets and no contributions from Cobre Panama. Despite revenue and cash flow declines, Franco-Nevada reported record margins with an 88.7% cash margin, benefiting from increased royalty sales and record gold prices. In this update we’ll dig into why Franco-Nevada has one of its most attractive setups in years, and why any sharp pullbacks should provide an opportunity to accumulate the stock.
Analysts’ Opinion of FNV
Many brokerage firms have already submitted their reports for FNV stocks, with BofA Securities repeating the rating for FNV by listing it as a “Neutral.” The predicted price for FNV in the upcoming period, according to BofA Securities is $139 based on the research report published on October 01, 2024 of the current year 2024.
Jefferies gave a rating of “Hold” to FNV, setting the target price at $117 in the report published on February 29th of the current year.
FNV Trading at -1.52% from the 50-Day Moving Average
After a stumble in the market that brought FNV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.65% of loss for the given period.
Volatility was left at 2.08%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares surge +1.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.15% lower at present.
During the last 5 trading sessions, FNV fell by -5.48%, which changed the moving average for the period of 200-days by +9.54% in comparison to the 20-day moving average, which settled at $124.70. In addition, Franco-Nevada Corporation saw 9.84% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FNV
Current profitability levels for the company are sitting at:
- 0.62 for the present operating margin
- 0.64 for the gross margin
The net margin for Franco-Nevada Corporation stands at -0.54. The total capital return value is set at 0.12. Equity return is now at value -9.32, with -8.94 for asset returns.
Currently, EBITDA for the company is 1.03 billion with net debt to EBITDA at -0.53. When we switch over and look at the enterprise to sales, we see a ratio of 20.15. The receivables turnover for the company is 8.67for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 29.11.
Conclusion
To put it simply, Franco-Nevada Corporation (FNV) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
