Back to top

Image: Bigstock

Why Franco-Nevada (FNV) Could Be Positioned for a Surge

Read MoreHide Full Article

Franco-Nevada Corporation (FNV - Free Report) is a gold focused royalty and stream company with additional interests in platinum group metals and other resource assets that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on FNV’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Franco-Nevada could be a solid choice for investors.

Current Quarter Estimates for FNV

In the past 30 days, 4 estimates have gone higher for Franco-Nevada while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 19 cents a share 30 days ago, to 20 cents per share today, a move of 5.3%.

Current Year Estimates for FNV

Meanwhile,Franco-Nevada’s current year figures are also looking quite promising, with 4 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 70 cents per share 30 days ago to 80 cents per share today, an increase of 14.3%.

FRANCO NV CP Price and Consensus

FRANCO NV CP Price and Consensus | FRANCO NV CP Quote

Bottom Line

The stock has also started to move higher lately, adding 8.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Franco-Nevada Corporation (FNV) - free report >>

Published in