Bullish Chart Formation for Franco-Nevada Corporation (FNV) After Forming Double Top Pattern

December 7, 2017 - By Winifred Garcia

The chart of Franco-Nevada Corporation (FNV) shows a double top with $80.11 target or 3.00 % above today’s $77.78 share price. The 9 months chart pattern indicates low risk for the $14.56B company. It was reported on Dec, 7 by Finviz.com. If the $80.11 price target is reached, the company will be worth $436.89M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.54% or $0.42 during the last trading session, reaching $77.78. About 748,255 shares traded or 37.32% up from the average. Franco-Nevada Corporation (NYSE:FNV) has risen 12.51% since December 7, 2016 and is uptrending. It has underperformed by 4.19% the S&P500.

Analysts await Franco-Nevada Corporation (NYSE:FNV) to report earnings on March, 28. They expect $0.27 EPS, up 12.50 % or $0.03 from last year’s $0.24 per share. FNV’s profit will be $50.55 million for 72.02 P/E if the $0.27 EPS becomes a reality. After $0.30 actual EPS reported by Franco-Nevada Corporation for the previous quarter, Wall Street now forecasts -10.00 % negative EPS growth.

Franco-Nevada Corporation (NYSE:FNV) Ratings Coverage

Among 16 analysts covering Franco-Nevada Corp (NYSE:FNV), 7 have Buy rating, 1 Sell and 8 Hold. Therefore 44% are positive. Franco-Nevada Corp had 35 analyst reports since August 11, 2015 according to SRatingsIntel. As per Tuesday, November 15, the company rating was upgraded by Canaccord Genuity. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, August 24 report. The firm earned “Neutral” rating on Monday, March 28 by UBS. The firm has “Outperform” rating given on Monday, September 14 by BMO Capital Markets. The rating was maintained by JP Morgan with “Neutral” on Monday, March 14. The rating was upgraded by TD Securities on Thursday, October 8 to “Action List Buy”. The company was initiated on Tuesday, February 16 by Clarkson Capital. Credit Suisse upgraded Franco-Nevada Corporation (NYSE:FNV) on Friday, January 13 to “Outperform” rating. The firm earned “Outperform” rating on Thursday, October 8 by RBC Capital Markets. The stock of Franco-Nevada Corporation (NYSE:FNV) has “Underweight” rating given on Tuesday, November 10 by Barclays Capital.

More important recent Franco-Nevada Corporation (NYSE:FNV) news were published by: Seekingalpha.com which released: “Bloomberg: Glencore near creation of new mining royalty company” on November 14, 2017, also Fool.com published article titled: “4 Things Franco-Nevada Management Wants You to Know”, Fool.com published: “Franco-Nevada Powers Up on Gold, Energy Growth” on November 14, 2017. More interesting news about Franco-Nevada Corporation (NYSE:FNV) was released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Praxair, Mosaic and Franco-Nevada” with publication date: December 04, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.