Franco-Nevada (TSE:FNV) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$325.75 and traded as high as C$335.51. Franco-Nevada shares last traded at C$329.39, with a volume of 472,242 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. National Bank Financial upgraded Franco-Nevada from a “hold” rating to a “strong-buy” rating and raised their price target for the company from C$410.00 to C$420.00 in a report on Wednesday, May 13th. Stifel Nicolaus lifted their price objective on Franco-Nevada from C$380.00 to C$390.00 in a research report on Friday, July 17th. BMO Capital Markets boosted their price objective on Franco-Nevada from C$370.00 to C$410.00 in a report on Wednesday, April 22nd. Finally, TD Securities raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. Three analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus target price of C$356.56.

Franco-Nevada Stock Performance

The stock has a fifty day simple moving average of C$303.02 and a 200-day simple moving average of C$325.55. The stock has a market cap of C$62.73 billion, a P/E ratio of 45.81, a PEG ratio of 5.00 and a beta of 0.96.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C$2.57 EPS for the quarter. Franco-Nevada had a net margin of 65.14% and a return on equity of 18.67%. The business had revenue of C$825.33 million for the quarter. On average, research analysts anticipate that Franco-Nevada Co. will post 3.1114111 earnings per share for the current year.

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. 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.