Franco-Nevada Corp Stock Upgraded (FNV)
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- FNV has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 35.51, which clearly demonstrates the ability to cover short-term cash needs.
- The gross profit margin for FRANCO-NEVADA CORP is currently very high, coming in at 85.49%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 34.00% significantly outperformed against the industry average.
- Compared to its closing price of one year ago, FNV's share price has jumped by 60.30%, exceeding the performance of the broader market during that same time frame. Setting our sights on the months ahead, however, we feel that the stock's sharp appreciation over the last year has driven it to a price level which is now relatively expensive compared to the rest of its industry. The implication is that its reduced upside potential is not good enough to warrant further investment at this time.
- The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Metals & Mining industry and the overall market on the basis of return on equity, FRANCO-NEVADA CORP underperformed against that of the industry average and is significantly less than that of the S&P 500.
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