Franco-Nevada (TSE:FNV) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Shares of Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV passed 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 changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FNV shares. TD Securities downgraded shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a C$152.00 target price for the company. in a report on Tuesday, March 11th. National Bankshares decreased their price objective on shares of Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday, March 11th. BMO Capital Markets upgraded shares of Franco-Nevada to a "strong-buy" rating in a research note on Wednesday, April 16th. CIBC lifted their target price on shares of Franco-Nevada from C$260.00 to C$280.00 in a research note on Thursday, April 17th. Finally, Stifel Nicolaus lifted their price target on Franco-Nevada from C$220.00 to C$265.00 in a research report on Monday, April 21st.

Franco-Nevada Stock Down 1.7%

The firm has a market cap of C$29.61 billion, a PE ratio of -47.13, a PEG ratio of 5.00 and a beta of 0.68. The stock's fifty day simple moving average is C$224.42 and its two-hundred day simple moving average is C$197.15.

Insider Activity at Franco-Nevada

In related news, Director Boris De Vries sold 500 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total transaction of C$108,540.35. Also, Senior Officer Sandip Rana sold 5,675 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of C$223.86, for a total value of C$1,270,422.53. Insiders have sold 16,054 shares of company stock valued at $3,563,292 over the last ninety days. Insiders own 0.69% of the company's stock.

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.