Alert: Rating Downgrade (12/15/23)-Franco-Nevada Corp (NYSE: FNV).


Stock Rating Downgrade

In the last week the Value Trend Rating for Franco-Nevada Corp (NYSE: FNV) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.


Recent Price Action

Franco-Nevada Corp (NYSE: FNV) stock declined slightly by -0.9% on 12/15/23. The stock closed at $111.11. Moreover, trading volume in this decline was unusually high at 177% of normal. The stock has been weak relative to the market over the last nine months but has risen 3.4% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, FNV is expected to continue to be a Value Builder.

Franco-Nevada has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Franco-Nevada has a slightly negative Appreciation Score of 39 and a slightly negative Power Rating of 36, resulting in the Negative Value Trend Rating.

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