Franco-Nevada (TSE:FNV) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$249.34 and traded as high as C$282.72. Franco-Nevada shares last traded at C$276.78, with a volume of 371,224 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$322.00 to C$350.00 in a research note on Wednesday, October 22nd. CIBC raised their price objective on shares of Franco-Nevada from C$315.00 to C$460.00 in a report on Friday, October 10th. Bank of America lifted their price objective on shares of Franco-Nevada from C$255.00 to C$290.00 in a research note on Friday, August 29th. Finally, TD Securities dropped their target price on Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating on the stock in a research report on Wednesday, November 5th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Franco-Nevada currently has a consensus rating of “Buy” and an average price target of C$282.00.

Franco-Nevada Price Performance

The firm’s 50 day moving average is C$282.13 and its 200 day moving average is C$249.34. The company has a market cap of C$53.36 billion, a PE ratio of 58.03, a PEG ratio of 5.00 and a beta of 0.83.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its earnings results on Monday, November 3rd. The company reported C$1.49 earnings per share (EPS) for the quarter. Franco-Nevada had a negative net margin of 57.55% and a negative return on equity of 10.83%. The business had revenue of C$673.37 million for the quarter. As a group, analysts anticipate that Franco-Nevada Co. will post 3.1114111 EPS for the current year.

Insider Buying and Selling

In other Franco-Nevada news, insider Adrian Wong sold 500 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of C$275.00, for a total value of C$137,500.00. Following the transaction, the insider directly owned 9,613 shares in the company, valued at C$2,643,575. This represents a 4.94% decrease in their position. Also, Director Boris De Vries sold 2,000 shares of Franco-Nevada stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of C$262.30, for a total value of C$524,598.00. Following the sale, the director owned 4,770 shares of the company’s stock, valued at approximately C$1,251,166.23. This trade represents a 29.54% decrease in their position. Insiders have sold a total of 15,560 shares of company stock valued at $4,228,233 in the last ninety days. 0.69% of the stock is owned by insiders.

About Franco-Nevada

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.