Franco-Nevada (TSE:FNV) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$288.77 and traded as high as C$340.72. Franco-Nevada shares last traded at C$340.36, with a volume of 351,943 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Franco-Nevada from C$340.00 to C$380.00 in a report on Tuesday, February 10th. Canaccord Genuity Group cut shares of Franco-Nevada from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$350.00 to C$380.00 in a research note on Monday, January 26th. UBS Group increased their target price 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. Canadian Imperial Bank of Commerce lifted their target price on Franco-Nevada from C$460.00 to C$480.00 in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada upgraded Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 price target for the company in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Franco-Nevada has an average rating of “Moderate Buy” and an average price target of C$305.67.

Franco-Nevada Stock Down 1.0%

The firm has a market cap of C$65.61 billion, a price-to-earnings ratio of 71.35, a price-to-earnings-growth ratio of 5.00 and a beta of 0.78. The business has a 50 day moving average price of C$317.78 and a 200-day moving average price of C$288.77.

Insider Activity

In other news, insider Bonavie Tek sold 115 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of C$290.52, for a total value of C$33,409.80. 0.69% of the stock is owned by corporate 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. 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.