Franco-Nevada had its Relative Strength (RS) Rating upgraded from 80 to 83 Wednesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating identifies share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating of above 80 in the early stages of their moves.
Franco-Nevada is working on a cup without handle with a 179.99 entry. See if the stock can break out in heavy volume.
In terms of revenue and profits, Franco-Nevada has posted three quarters of rising earnings growth. Revenue growth has also moved higher during the same period. The company is expected to release its next quarterly numbers on or around Aug. 11.
Franco-Nevada earns the No. 18 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, AngloGold Ashanti and Barrick Mining are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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