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Franco-Nevada (TSE:FNV) Shares Pass Above 200-Day Moving Average - What's Next?

Franco-Nevada logo with Basic Materials background

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV's stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$210.76 and traded as high as C$223.85. Franco-Nevada shares last traded at C$223.57, with a volume of 258,458 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. BMO Capital Markets raised their price objective on shares of Franco-Nevada from C$260.00 to C$261.00 in a research note on Wednesday, May 28th. CIBC raised their price objective on shares of Franco-Nevada from C$260.00 to C$280.00 in a report on Thursday, April 17th. Canaccord Genuity Group boosted their target price on Franco-Nevada from C$262.00 to C$267.00 in a research note on Tuesday, June 10th. Bank of America reduced their price objective on shares of Franco-Nevada from C$272.00 to C$266.00 in a research note on Wednesday, May 28th. Finally, National Bankshares lowered their price target on shares of Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday, March 11th.

View Our Latest Stock Analysis on Franco-Nevada

Franco-Nevada Stock Up 0.7%

The company has a fifty day simple moving average of C$229.93 and a 200 day simple moving average of C$210.85. The firm has a market capitalization of C$30.55 billion, a P/E ratio of -48.62, a P/E/G ratio of 5.00 and a beta of 0.68.

Insiders Place Their Bets

In other news, Director Boris De Vries sold 1,500 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of C$241.96, for a total transaction of C$362,932.65. Also, Director Paul Brink sold 14,251 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of C$232.91, for a total transaction of C$3,319,153.38. 0.69% of the stock is currently owned by insiders.

About Franco-Nevada

(Get Free Report)

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.

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