Franco-Nevada (TSE:FNV) Stock Breaks Above 50-Day Moving Average – Time to Sell?

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) shares crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$349.73 and traded as high as C$354.04. Franco-Nevada shares last traded at C$351.81, with a volume of 668,548 shares traded.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus boosted their target price on Franco-Nevada from C$390.00 to C$410.00 and gave the stock a “buy” rating in a research note on Monday, October 19th. Three equities research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Strong Buy” and an average target price of C$375.50.

Franco-Nevada Price Performance

The stock’s 50 day moving average is C$349.73 and its two-hundred day moving average is C$333.23. The stock has a market capitalization of C$67.86 billion, a PE ratio of 45.99, a price-to-earnings-growth ratio of 5.00 and a beta of 0.97.

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

Insider Activity

In other news, insider Sandip Rana sold 5,000 shares of Franco-Nevada stock in a transaction on Friday, August 21st. The shares were 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 directly owned 60,274 shares of the company’s stock, valued at approximately C$21,962,037.38. The trade was a 7.66% decrease in their position. Company insiders own 0.69% of the company’s stock.

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.