Franco-Nevada stock rises in favourable Canadian market session
Updated
Updated · MarketWatch · Apr 30
Franco-Nevada stock rises in favourable Canadian market session
9 articles · Updated · MarketWatch · Apr 30
The shares edged up 0.20% to C$313.38 on Thursday, while the S&P/TSX Composite Index climbed 1.94% to 33,964.33.
Despite the gain, Franco-Nevada underperformed the broader Canadian market during an otherwise strong trading day.
The stock finished 19.3% below its 52-week high of C$388.22 reached on 27 February, as trading volume rose to 397,157 shares, above its 50-day average.
Why did Franco-Nevada's stock lag on a banner day for the market and gold?
Is the Cobre Panamá mine restart the only catalyst that can justify Franco-Nevada's premium stock price?