Franco-Nevada Corporation (NYSE:FNV) has tumbled 0.58% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 7.66% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.62% and the outperformance has advanced to 6.68% for the last 4 weeks period.
Franco-Nevada Corporation (NYSE:FNV): The stock opened at $71.57 on Friday but the bulls could not build on the opening and the stock topped out at $71.90 for the day. The stock traded down to $69.29 during the day, due to lack of any buying support eventually closed down at $70.54 with a loss of -0.66% for the day. The stock had closed at $71.01 on the previous day. The total traded volume was 3,259,945 shares.
The company shares have rallied 45.59% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $72.88 and the one year low was seen on Jul 24, 2015. The 50-Day Moving Average price is $67.51 and the 200 Day Moving Average price is recorded at $57.95.
Many analysts have stated their opinion on the company shares. Brokerage firm BMO Capital downgrades its rating on Franco-Nevada Corporation (NYSE:FNV). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on May 12, 2016. Institutional Investors own 63.67% of Franco-Nevada Corporation shares.
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Companys additional interests are in platinum group metals and other resource assets. The Companys 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 (United States), Gold (Canada), Gold (Australia), Gold (Rest of World), Platinum Group Metals, Other Minerals and Oil and Gas. The Companys projects under each of this location 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, Ity, Gurupi, Volcan, Stillwater Complex, Pandora, Peculiar Knob, Mt Keith, King Vol, Flying Fox, Weyburn unit, Midale unit, Edson property and among others.