Franco-Nevada (TSE:FNV) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$328.16 and traded as high as C$373.54. Franco-Nevada shares last traded at C$362.82, with a volume of 219,075 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised their price target on Franco-Nevada from C$380.00 to C$390.00 in a report on Friday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average target price of C$356.56.

Franco-Nevada Price Performance

The firm’s 50 day moving average is C$332.58 and its 200 day moving average is C$328.10. The company has a market cap of C$71.30 billion, a PE ratio of 48.32, a PEG ratio of 5.00 and a beta of 1.10.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$2.57 earnings per share for the quarter. Franco-Nevada had a net margin of 63.83% and a return on equity of 18.95%. The firm had revenue of C$825.33 million for the quarter. As a group, analysts anticipate that Franco-Nevada Co. will post 3.1114111 EPS for the current year.

Insider Activity at Franco-Nevada

In other news, insider Sandip Rana sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$344.87, for a total transaction of C$3,448,700.00. Following the completion of the transaction, the insider owned 60,274 shares of the company’s stock, valued at approximately C$20,786,694.38. The trade was a 14.23% decrease in their ownership of the stock. Insiders own 0.69% of the company’s stock.

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.