Shares of Franco-Nevada Corporation (NYSE:FNV) traded today at $167.32, eclipsing its 52-week high. This new high was reached on below average trading volume as 339,000 shares traded hands, while the average 30-day volume is approximately 715,000 shares.
Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada's short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital. The company holds a portfolio of assets, diversified by commodity, revenue type, and stage of a project, primarily located in the United States, Canada, and Australia.
In the past 52 weeks, shares of Franco-Nevada Corporation have traded between a low of $108.83 and a high of $167.32 and is now at $166.56, which is 53% above that low price.
Franco-Nevada Corporation (NYSE:FNV) defies analysts with a current price ($166.56) 52.2% above its average consensus price target of $79.69.
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