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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 target price on the stock in a research report on Wednesday, December 10th. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$322.00 to C$350.00 in a report on Wednesday, October 22nd. CIBC upped their price objective on Franco-Nevada from C$315.00 to C$460.00 in a research note on Friday, October 10th. Bank of America raised their target price on Franco-Nevada from C$255.00 to C$290.00 in a research report on Friday, August 29th. Finally, TD Securities decreased their price target on Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating on the stock in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$287.33.

Franco-Nevada Stock Performance

The stock has a market cap of C$56.34 billion, a P/E ratio of 61.27, a P/E/G ratio of 5.00 and a beta of 0.74. The company has a 50-day simple moving average of C$278.61 and a 200-day simple moving average of C$259.05.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its earnings results on Monday, November 3rd. The company reported C$1.43 earnings per share for the quarter. The company 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%. As a group, sell-side analysts expect that Franco-Nevada Co. will post 3.1114111 earnings per share for the current fiscal year.

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.