Franco-Nevada (TSE:FNV) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$328.48 and traded as high as C$367.42. Franco-Nevada shares last traded at C$367.18, with a volume of 223,865 shares changing hands.

Analysts Set New Price Targets

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

Franco-Nevada Stock Performance

The firm has a market cap of C$70.33 billion, a P/E ratio of 47.67, a P/E/G ratio of 5.00 and a beta of 1.10. The firm has a fifty day moving average of C$342.81 and a 200-day moving average of C$328.74.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$2.57 EPS for the quarter. Franco-Nevada had a return on equity of 18.95% and a net margin of 63.83%.The firm had revenue of C$825.33 million during the quarter. Equities research analysts expect that Franco-Nevada Co. will post 3.1114111 earnings per share for the current year.

Insider Activity

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