Trade-Ideas LLC identified

Franco-Nevada

(

FNV

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Franco-Nevada as such a stock due to the following factors:

  • FNV has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $101.1 million.
  • FNV has traded 1,050 shares today.
  • FNV is trading at a new lifetime high.

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More details on FNV:

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Peru, Chile, and Africa. The stock currently has a dividend yield of 1.3%. FNV has a PE ratio of 313. Currently there are 3 analysts that rate Franco-Nevada a buy, 1 analyst rates it a sell, and 6 rate it a hold.

The average volume for Franco-Nevada has been 964,500 shares per day over the past 30 days. Franco-Nevada has a market cap of $12.2 billion and is part of the basic materials sector and metals & mining industry. Shares are up 48.8% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Franco-Nevada as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including premium valuation and disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 45.0%. Since the same quarter one year prior, revenues rose by 20.9%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • 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 11.90, which clearly demonstrates the ability to cover short-term cash needs.
  • FRANCO-NEVADA CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, FRANCO-NEVADA CORP reported lower earnings of $0.16 versus $0.70 in the prior year.
  • 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 has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.

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