This gold-focused royalty and stream company has seen a mixed track record when it comes to estimate revisions of 2 increases and 2 decreases in the last 30 days. Meanwhile, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
Franco-Nevada currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Investors interested in the gold mining industry may consider stocks like Rio Alto Mining Limited (RIOM), Alamos Gold Inc. (AGI) and Allied Nevada Gold Corp. (ANV). While Rio Alto Mining sports a Zacks Rank #1 (Strong Buy), Alamos Gold and Allied Nevada Gold hold a Zacks Rank #2 (Buy).
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