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

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$329.29 and traded as high as C$351.72. Franco-Nevada shares last traded at C$346.53, with a volume of 252,261 shares.

Analyst Ratings Changes

Separately, Stifel Nicolaus increased their price objective on shares of Franco-Nevada from C$380.00 to C$390.00 in a report on Friday, July 17th. Three equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy” and an average target price of C$356.56.

Franco-Nevada Stock Performance

The firm has a fifty day simple moving average of C$354.24 and a two-hundred day simple moving average of C$329.55. The firm has a market cap of C$65.92 billion, a PE ratio of 44.68, a PEG ratio of 5.00 and a beta of 1.07.

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

Insider Buying and Selling at Franco-Nevada

In related news, insider Sandip Rana sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of C$344.87, for a total value of C$3,448,700.00. Following the completion of the transaction, the insider directly owned 60,274 shares of the company’s stock, valued at approximately C$20,786,694.38. This trade represents a 14.23% decrease in their ownership of the stock. Company insiders own 0.69% of the company’s stock.

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.