Franco-Nevada had its Relative Strength (RS) Rating upgraded from 66 to 71 Wednesday — a welcome improvement, but still below the 80 or better score you look for.
This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating of over 80 as they launch their biggest runs. See if Franco-Nevada can continue to show renewed price strength and hit that benchmark.
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Franco-Nevada is still within a buy range after clearing a 131.69 entry in a flat base. Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.
Franco-Nevada posted negative growth for both sales and earnings last quarter. The company is expected to release its next quarterly numbers on or around Nov. 6.
Franco-Nevada holds the No. 38 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, Alamos Gold and Eldorado Gold are among the top 5 highly rated stocks within the group.
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