Franco-Nevada (FNV) Worth Watching: Stock Up 10.1%
Franco-Nevada Corporation (FNV) was a big mover last session with its shares rising over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company as the stock has lost nearly 5% in the past one-month time frame.
This gold-focused royalty and stream company has seen a mixed track record when it comes to estimate revisions of 2 increases and 2 decreases in the last 30 days. Meanwhile, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
Franco-Nevada currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Investors interested in the gold mining industry may consider stocks like Rio Alto Mining Limited (RIOM), Alamos Gold Inc. (AGI) and Allied Nevada Gold Corp. (ANV). While Rio Alto Mining sports a Zacks Rank #1 (Strong Buy), Alamos Gold and Allied Nevada Gold hold a Zacks Rank #2 (Buy).
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FRANCO NEVADA CORP (FNV): Free Stock Analysis Report
RIO ALTO MINING LTD (RIOM): Free Stock Analysis Report
ALAMOS GOLD INC (AGI): Free Stock Analysis Report
ALLIED NEVADA GOLD CORP (ANV): Free Stock Analysis Report
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