Franco-Nevada (TSE:FNV) Stock Price Breaks Above Two Hundred Day Moving Average – What’s Next?

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$328.30 and traded as high as C$344.71. Franco-Nevada shares last traded at C$340.75, with a volume of 241,385 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their price objective on Franco-Nevada from C$380.00 to C$390.00 in a research note on Friday, July 17th. Three equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, Franco-Nevada currently has an average rating of “Strong Buy” and a consensus price target of C$356.56.

Franco-Nevada Price Performance

The stock has a 50-day moving average price of C$347.52 and a 200-day moving average price of C$328.30. The company has a market capitalization of C$65.72 billion, a price-to-earnings ratio of 44.54, a PEG ratio of 5.00 and a beta of 1.10.

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

Insiders Place Their Bets

In other Franco-Nevada news, insider Sandip Rana sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of C$344.87, for a total transaction of C$3,448,700.00. Following the completion of the sale, the insider directly owned 60,274 shares in the company, valued at C$20,786,694.38. This trade represents a 14.23% decrease in their ownership of the stock. 0.69% of the stock is currently 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.