FNV Stock Summary and Trading Ideas (Franco-Nevada | NYSE:FNV)

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 US, Canada, and Australia.

Franco-Nevada trades on the NYSE stock market under the symbol FNV.

As of May 10, 2024, FNV stock price climbed to $127.80 with 582,563 million shares trading.

FNV has a beta of 0.08, meaning it tends to be less sensitive to market movements. FNV has a correlation of 0.00 to the broad based SPY ETF.

FNV has a market cap of $24.55 billion. This is considered a Large Cap stock.

Last quarter Franco-Nevada reported $257 million in Revenue and $.76 earnings per share. This fell short of revenue expectation by $-33 million and exceeded earnings estimates by $.04.

In the last 3 years, FNV stock traded as high as $169.32 and as low as $102.29.

The top ETF exchange traded funds that FNV belongs to (by Net Assets): GDX, INFL, PID, GOAU, IGE.

FNV stock has underperformed the market in the last year with a return of -18.9%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FNV shares. However, FNV has outperformed the market in the last 3 month and 2 week periods, returning +17.8% and +4.0%, while SPY returned +4.2% and +2.5%, respectively. This indicates FNV has been having a stronger performance recently.

FNV support price is $124.99 and resistance is $129.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FNV stock will trade within this expected range on the day.