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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$317.12 and traded as high as C$328.44. Franco-Nevada shares last traded at C$311.72, with a volume of 428,359 shares changing hands.

Analyst Ratings Changes

Several research firms recently weighed in on FNV. Canadian Imperial Bank of Commerce raised their target price on shares of Franco-Nevada from C$460.00 to C$480.00 in a research note on Wednesday, February 4th. BMO Capital Markets raised their target price on shares of Franco-Nevada from C$370.00 to C$410.00 in a research note on Wednesday, April 22nd. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Bank of America lifted their price objective on shares of Franco-Nevada from C$367.00 to C$384.00 in a research report on Thursday, February 26th. Finally, National Bank Financial lifted their price objective on shares of Franco-Nevada from C$380.00 to C$400.00 in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Franco-Nevada presently has an average rating of “Buy” and a consensus price target of C$353.22.

Franco-Nevada Stock Up 1.9%

The company has a quick ratio of 23.26, a current ratio of 8.30 and a debt-to-equity ratio of 0.11. The company has a market cap of C$61.22 billion, a price-to-earnings ratio of 55.12, a P/E/G ratio of 5.00 and a beta of 0.97. The stock has a fifty day moving average price of C$343.96 and a two-hundred day moving average price of C$317.12.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its earnings results on Tuesday, March 10th. The company reported C$3.86 earnings per share for the quarter. Franco-Nevada had a return on equity of 16.25% and a net margin of 61.07%.The company had revenue of C$795.48 million during the quarter. As a group, sell-side analysts expect that Franco-Nevada Co. will post 3.1114111 EPS for the current 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.