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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$175.58 and traded as high as C$201.79. Franco-Nevada shares last traded at C$200.91, with a volume of 215,261 shares.

Wall Street Analysts Forecast Growth

FNV has been the topic of several research reports. UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. CIBC raised their target price on shares of Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Finally, Canaccord Genuity Group decreased their price target on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$190.80.

Franco-Nevada Stock Up 0.9 %

The company has a 50 day moving average of C$183.96 and a 200 day moving average of C$175.58. The firm has a market cap of C$27.26 billion, a price-to-earnings ratio of -43.39, a PEG ratio of 5.00 and a beta of 0.68.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.