Franco-Nevada Corporation (NYSE: FNV) is 14.08% higher on its value in year-to-date trading and has touched a low of $102.29 and a high of $137.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FNV stock was last observed hovering at around $132.18 in the last trading session, with the day’s loss setting it -5.77%.
Currently trading at $126.41, the stock is -3.90% and -0.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing -4.37% at the moment leaves the stock 4.63% off its SMA200. FNV registered 3.14% gain for a year compared to 6-month loss of -0.76%. The firm has a 50-day simple moving average (SMA 50) of $126.5662 and a 200-day simple moving average (SMA200) of $120.72505.
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The stock witnessed a 4.58% gain in the last 1 month and extending the period to 3 months gives it a 4.38%, and is -4.71% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.56% over the week and 2.00% over the month.
Franco-Nevada Corporation (FNV) has around 40 employees, a market worth around $33.90B and $1.10B in sales. Fwd P/E is 31.89. Profit margin for the company is -55.27%. Distance from 52-week low is 23.58% and -8.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.11%).
The EPS is expected to shrink by -10.54% this year
814.0 institutions hold shares in Franco-Nevada Corporation (FNV), with institutional investors hold 77.07% of the company’s shares. The shares outstanding are 192.18M, and float is at 191.06M with Short Float at 1.35%. Institutions hold 76.54% of the Float.
The top institutional shareholder in the company is MASSACHUSETTS FINANCIAL SERVICES CO /MA/ with over 12.29 million shares valued at $1.46 billion. The investor’s holdings represent 6.3926 of the FNV Shares outstanding. As of 2024-06-30, the second largest holder is FIL LTD with 10.37 million shares valued at $1.23 billion to account for 5.3936 of the shares outstanding. The other top investors are FMR LLC which holds 10.26 million shares representing 5.3373 and valued at over $1.22 billion, while VAN ECK ASSOCIATES CORP holds 4.4884 of the shares totaling 8.63 million with a market value of $1.02 billion.
