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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$298.62 and traded as high as C$350.88. Franco-Nevada shares last traded at C$348.74, with a volume of 425,783 shares.

Analyst Ratings Changes

FNV has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce increased their price objective on Franco-Nevada from C$460.00 to C$480.00 in a report on Wednesday, February 4th. Stifel Nicolaus upped their target price on Franco-Nevada from C$340.00 to C$380.00 in a research report on Tuesday, February 10th. Bank of America increased their price target on Franco-Nevada from C$367.00 to C$384.00 in a report on Thursday, February 26th. UBS Group lifted their price target on shares of 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, Royal Bank Of Canada upgraded shares of Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 price objective for the company in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$316.11.

Franco-Nevada Stock Up 1.2%

The company has a debt-to-equity ratio of 0.12, a current ratio of 4.64 and a quick ratio of 23.26. The firm has a market capitalization of C$68.02 billion, a P/E ratio of 73.97, a price-to-earnings-growth ratio of 5.00 and a beta of 0.81. The business has a 50 day moving average price of C$336.52 and a 200 day moving average price of C$299.38.

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.