Franco-Nevada (TSE:FNV) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$333.26 and traded as high as C$334.29. Franco-Nevada shares last traded at C$334.13, with a volume of 318,570 shares.

Analyst Ratings Changes

Separately, Stifel Nicolaus increased their price objective on Franco-Nevada from C$390.00 to C$410.00 and gave the company a “buy” rating in a report on Monday, October 19th. Three equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and a consensus price target of C$358.78.

Franco-Nevada Price Performance

The stock has a 50-day moving average price of C$352.89 and a 200-day moving average price of C$333.26. The company has a market capitalization of C$60.64 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 5.00 and a beta of 1.07.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its earnings results on Tuesday, August 11th. The company reported C$2.57 earnings per share for the quarter. Franco-Nevada had a return on equity of 18.95% and a net margin of 63.83%. The business had revenue of C$825.33 million for the quarter. Equities analysts forecast that Franco-Nevada Co. will post 3.11 earnings per share for the current year.

Insider Transactions at Franco-Nevada

In other news, insider Sandip Rana sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of C$364.37, for a total transaction of C$1,821,850.00. Following the completion of the sale, the insider owned 60,274 shares in the company, valued at C$21,962,037.38. The trade was a 7.66% decrease in their ownership of the stock. 0.69% of the stock is owned by company insiders.

Franco-Nevada Company Profile

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.