Time New York: Sat 15 Dec 06:40 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Franco-Nevada (FNV) Catches Eye: Stock Jumps 7.2%

Zacks

Franco-Nevada Corporation FNV was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $61.49 to $65.29 in the past one-month time frame.

The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Franco-Nevada currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.

Franco-Nevada Corporation Price

Franco-Nevada Corporation Price | Franco-Nevada Corporation Quote


Investors interested in the Mining – Gold industry may consider AngloGold Ashanti Limited AU, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is FNV going up? Or down? Predict to see what others think:Up or Down

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.

WordPress Automation