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

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.
 
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