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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$262.02 and traded as high as C$289.49. Franco-Nevada shares last traded at C$284.65, with a volume of 444,392 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FNV. CIBC boosted their price target on shares of Franco-Nevada from C$315.00 to C$460.00 in a research note on Friday, October 10th. Royal Bank Of Canada raised shares of Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 target price for the company in a report on Wednesday, December 10th. TD Securities dropped their target price on shares of Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating for the company in a research report on Wednesday, November 5th. UBS Group raised their price target on Franco-Nevada from C$260.00 to C$270.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Finally, Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$322.00 to C$350.00 in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Franco-Nevada currently has a consensus rating of “Buy” and a consensus target price of C$287.33.

Franco-Nevada Price Performance

The company’s 50 day simple moving average is C$278.84 and its 200 day simple moving average is C$262.02. The stock has a market cap of C$54.87 billion, a P/E ratio of 59.68, a P/E/G ratio of 5.00 and a beta of 0.74.

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

Insider Transactions at Franco-Nevada

In other Franco-Nevada news, insider Bonavie Tek sold 115 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of C$290.52, for a total value of C$33,409.80. Insiders own 0.69% of the company’s stock.

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. 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.