Franco-Nevada (TSE:FNV) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$308.24 and traded as high as C$333.20. Franco-Nevada shares last traded at C$324.96, with a volume of 418,725 shares traded.

Analyst Upgrades and Downgrades

FNV has been the topic of a number of research analyst reports. Canaccord Genuity Group lowered shares of Franco-Nevada from a “buy” rating to a “hold” rating and lifted their price target for the company from C$350.00 to C$380.00 in a report on Monday, January 26th. Bank of America upped their price objective on Franco-Nevada from C$367.00 to C$384.00 in a report on Thursday, February 26th. Stifel Nicolaus increased their target price on Franco-Nevada from C$340.00 to C$380.00 in a research report on Tuesday, February 10th. UBS Group boosted their price target on Franco-Nevada from C$260.00 to C$270.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, National Bank Financial upped their price target on Franco-Nevada from C$380.00 to C$400.00 in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$336.67.

Franco-Nevada Trading Up 3.1%

The company has a debt-to-equity ratio of 0.11, a current ratio of 8.30 and a quick ratio of 23.26. The business’s 50-day simple moving average is C$344.29 and its two-hundred day simple moving average is C$308.71. The stock has a market capitalization of C$68.46 billion, a price-to-earnings ratio of 61.65, a PEG ratio of 5.00 and a beta of 0.81.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings data on Tuesday, March 10th. The company reported C$3.86 earnings per share (EPS) for the quarter. The company had revenue of C$795.48 million during the quarter. Franco-Nevada had a net margin of 61.07% and a return on equity of 16.25%. On average, research analysts anticipate that Franco-Nevada Co. will post 3.1114111 earnings per share for the current fiscal year.

About Franco-Nevada

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada’s short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.