Franco-Nevada saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 90 to 96.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Franco-Nevada is now out of buy range after clearing the 129.38 buy point in a cup with handle.
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One weak spot is the company's 68 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
The company posted a 6% earnings gain for Q4. That means it's now delivered two straight quarters of rising EPS growth. Revenue growth increased 6%, up from -11% in the prior quarter. The company has now posted increasing growth in each of the last two quarters.
Franco-Nevada holds the No. 20 rank among its peers in the Mining-Gold/Silver/Gems industry group. Alamos Gold, AngloGold Ashanti and DRDGOLD ADR are among the top 5 highly-rated stocks within the group.
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