Franco-Nevada Corporation (NYSE: FNV)’s stock price has plunge by 1.73relation to previous closing price of 113.26. Nevertheless, the company has seen a -8.85% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-11-12 that FNV’s Q3 top-line reflects the impacts of lower contributions from Candelaria, Antapaccay and Energy assets, partially offset by record gold prices.
Is It Worth Investing in Franco-Nevada Corporation (NYSE: FNV) Right Now?
The stock has a 36-month beta value of 0.72. Opinions on the stock are mixed, 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 at present, short sellers hold a 1.35% of that float. On November 15, 2024, the average trading volume of FNV was 670.23K shares.
FNV’s Market Performance
FNV’s stock has seen a -8.85% decrease for the week, with a -8.13% drop in the past month and a -5.39% fall in the past quarter. The volatility ratio for the week is 3.03%, and the volatility levels for the past 30 days are at 2.38% for Franco-Nevada Corporation The simple moving average for the last 20 days is -11.04% for FNV stock, with a simple moving average of -4.79% for the last 200 days.
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 -8.76% 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 -16.26% of loss for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 3.03%, as shares sank -9.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.55% lower at present.
During the last 5 trading sessions, FNV fell by -8.85%, which changed the moving average for the period of 200-days by +6.44% in comparison to the 20-day moving average, which settled at $129.51. In addition, Franco-Nevada Corporation saw 3.98% 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
- 0.69 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 -9.50, with -9.12 for asset returns.
Currently, EBITDA for the company is -91.0 million with net debt to EBITDA at 7.78. When we switch over and look at the enterprise to sales, we see a ratio of 18.29. The receivables turnover for the company is 8.65for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 23.39.
Conclusion
To sum up, Franco-Nevada Corporation (FNV) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
