Shares of Franco-Nevada Corporation (FNV - Free Report) scaled a fresh 52-week high of $101.19 on Sep 4, before eventually closing at $98.82.
The company has a market cap of roughly $18.9 billion. Average volume of shares traded in the past three months was around 581.39K.
The stock has gained 43.8% in the past year compared with the industry’s rally of 55.8%.
What’s Driving the Rally?
Robust second-quarter results, upbeat outlook for revenues from its energy assets and higher gold prices so far this year have contributed to Franco-Nevada’s shares.
Franco-Nevada Corporation Price
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Shares of Franco-Nevada Corporation (FNV - Free Report) scaled a fresh 52-week high of $101.19 on Sep 4, before eventually closing at $98.82.
The company has a market cap of roughly $18.9 billion. Average volume of shares traded in the past three months was around 581.39K.
The stock has gained 43.8% in the past year compared with the industry’s rally of 55.8%.
What’s Driving the Rally?
Robust second-quarter results, upbeat outlook for revenues from its energy assets and higher gold prices so far this year have contributed to Franco-Nevada’s shares.
Franco-Nevada Corporation Price
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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