Franco-Nevada saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 68 to 72.
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IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Franco-Nevada can continue to show renewed price strength and hit that benchmark.
Franco-Nevada is trying to complete a consolidation with a 179.99 buy point. See if the stock can break out in heavy volume.
In terms of top and bottom line numbers, Franco-Nevada has posted rising EPS growth over the last three quarters. Sales gains have also moved higher during the same period. Franco-Nevada is expected to report its next quarterly numbers on or around Aug. 11.
The company earns the No. 25 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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