Franco-Nevada Corp (FNV): Today's Featured Metals & Mining Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Franco-Nevada ( FNV) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 1.0%. By the end of trading, Franco-Nevada fell $1.15 (-2.4%) to $47.61 on average volume. Throughout the day, 886,771 shares of Franco-Nevada exchanged hands as compared to its average daily volume of 694,700 shares. The stock ranged in price between $47.55-$49.22 after having opened the day at $49.16 as compared to the previous trading day's close of $48.76. Other companies within the Metals & Mining industry that declined today were: Timberline Resources Corporation ( TLR), down 15.0%, Vista Gold Corporation ( VGZ), down 8.2%, China Gengsheng Minerals ( CHGS), down 7.3% and Quaterra Resources ( QMM), down 6.7%.

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Australia, and Africa. The company has interests in platinum group metal, oil and gas, and other resource properties. Franco-Nevada has a market cap of $7.2 billion and is part of the basic materials sector. Shares are up 19.7% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Franco-Nevada a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Franco-Nevada as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and premium valuation.

On the positive front, James River Coal Company ( JRCC), up 10.2%, USEC ( USU), up 8.3%, Cliffs Natural Resources ( CLF), up 8.2% and Augusta Resource Corporation ( AZC), up 7.7% , were all gainers within the metals & mining industry with ArcelorMittal ( MT) being today's featured metals & mining industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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