Franco-Nevada (TSE:FNV) Shares Cross Above 200-Day Moving Average After Insider Selling

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) passed above its 200-day moving average during trading on Tuesday following insider buying activity. The stock has a 200-day moving average of C$228.53 and traded as high as C$273.65. Franco-Nevada shares last traded at C$271.85, with a volume of 262,040 shares traded.

Wall Street Analysts Forecast Growth

FNV has been the subject of a number of recent analyst reports. Canaccord Genuity Group lifted their price target on Franco-Nevada from C$262.00 to C$267.00 in a report on Tuesday, June 10th. Bank of America lifted their price target on Franco-Nevada from C$255.00 to C$290.00 in a report on Friday, August 29th. Finally, BMO Capital Markets lifted their price target on Franco-Nevada from C$260.00 to C$261.00 in a report on Wednesday, May 28th. Three investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus target price of C$240.00.

Franco-Nevada Price Performance

The stock has a 50-day moving average price of C$236.25 and a 200 day moving average price of C$228.53. The firm has a market cap of C$52.39 billion, a price-to-earnings ratio of 66.79, a PEG ratio of 5.00 and a beta of 0.53.

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.