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

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV's stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$195.71 and traded as high as C$236.15. Franco-Nevada shares last traded at C$235.73, with a volume of 279,013 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FNV. National Bankshares reduced their target price on shares of Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday, March 11th. TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a C$152.00 target price on the stock. in a research report on Tuesday, March 11th. Stifel Nicolaus boosted their target price on Franco-Nevada from C$220.00 to C$265.00 in a research note on Monday, April 21st. BMO Capital Markets raised Franco-Nevada to a "strong-buy" rating in a research report on Wednesday, April 16th. Finally, CIBC boosted their price objective on Franco-Nevada from C$260.00 to C$280.00 in a research report on Thursday, April 17th.

Franco-Nevada Stock Up 2.4 %

The firm has a 50 day moving average of C$224.17 and a 200 day moving average of C$196.56. The firm has a market cap of C$31.99 billion, a PE ratio of -50.91, a P/E/G ratio of 5.00 and a beta of 0.68.

Insider Transactions at Franco-Nevada

In other Franco-Nevada news, Senior Officer Christopher Bell sold 731 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of C$224.94, for a total transaction of C$164,432.82. Also, Director Boris De Vries sold 500 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total value of C$108,540.35. In the last 90 days, insiders sold 16,054 shares of company stock worth $3,563,292. 0.69% of the stock is owned by company insiders.

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.