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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$253.92 and traded as high as C$294.94. Franco-Nevada shares last traded at C$289.94, with a volume of 286,404 shares traded.

Analyst Ratings Changes

Several brokerages have recently issued reports on FNV. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating and increased their price objective for the company from C$322.00 to C$350.00 in a research note on Wednesday, October 22nd. CIBC lifted their price objective on shares of Franco-Nevada from C$315.00 to C$460.00 in a research report on Friday, October 10th. Bank of America boosted their target price on shares of Franco-Nevada from C$255.00 to C$290.00 in a research note on Friday, August 29th. Finally, TD Securities dropped their target price on Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating on the stock in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$295.14.

Franco-Nevada Stock Down 0.8%

The company has a market cap of C$55.89 billion, a price-to-earnings ratio of 60.78, a PEG ratio of 5.00 and a beta of 0.83. The business’s fifty day simple moving average is C$282.48 and its two-hundred day simple moving average is C$253.92.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its earnings results on Monday, November 3rd. The company reported C$1.43 EPS for the quarter. Franco-Nevada had a negative net margin of 57.55% and a negative return on equity of 10.83%. The firm had revenue of C$679.08 million for the quarter. Sell-side analysts predict that Franco-Nevada Co. will post 3.1114111 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Christian Thatcher sold 6,000 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of C$273.00, for a total value of C$1,638,000.00. Also, insider Adrian Wong sold 500 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of C$275.00, for a total value of C$137,500.00. Following the completion of the sale, the insider directly owned 9,613 shares of the company’s stock, valued at approximately C$2,643,575. This trade represents a 4.94% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 13,000 shares of company stock valued at $3,558,344. 0.69% of the stock is currently owned by insiders.

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.