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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$258.71 and traded as high as C$290.17. Franco-Nevada shares last traded at C$287.61, with a volume of 377,778 shares.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Bank of America lifted their target price on shares of Franco-Nevada from C$255.00 to C$290.00 in a report on Friday, August 29th. CIBC increased their target price on shares of Franco-Nevada from C$315.00 to C$460.00 in a research report on Friday, October 10th. 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. Royal Bank Of Canada raised Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 price target on the stock in a research report on Wednesday, December 10th. Finally, Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$322.00 to C$350.00 in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$287.33.

Franco-Nevada Trading Up 0.1%

The company’s 50-day moving average is C$278.49 and its 200-day moving average is C$258.71. The firm has a market cap of C$55.44 billion, a price-to-earnings ratio of 60.30, a price-to-earnings-growth ratio of 5.00 and a beta of 0.74.

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

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.