Franco-Nevada (TSE:FNV) Stock Crosses Above 200-Day Moving Average – Here’s Why

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$170.19 and traded as high as C$184.56. Franco-Nevada shares last traded at C$182.77, with a volume of 106,371 shares traded.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. UBS Group upgraded Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. CIBC boosted their price target on Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Canaccord Genuity Group lowered their target price on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a research note on Monday, November 18th. Finally, Stifel Nicolaus upped their target price on shares of Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$190.80.

Franco-Nevada Stock Up 0.3 %

The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. The company has a market capitalization of C$35.28 billion, a PE ratio of -43.76, a P/E/G ratio of 5.00 and a beta of 0.68. The business’s 50 day simple moving average is C$172.22 and its 200 day simple moving average is C$170.28.

Franco-Nevada Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.487 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Thursday, December 5th. Franco-Nevada’s dividend payout ratio is presently -46.30%.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.