Franco-Nevada (TSE:FNV) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Franco-Nevada Co. (TSE:FNV - Get Free Report) 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$197.77 and traded as high as C$222.29. Franco-Nevada shares last traded at C$222.04, with a volume of 248,678 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. National Bankshares cut their price target on shares of Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday, March 11th. CIBC increased their target price on Franco-Nevada from C$260.00 to C$280.00 in a research note on Thursday, April 17th. BMO Capital Markets raised Franco-Nevada to a "strong-buy" rating in a research note on Wednesday, April 16th. Stifel Nicolaus increased their target price on Franco-Nevada from C$220.00 to C$265.00 in a research note on Monday, April 21st. Finally, TD Securities cut Franco-Nevada from a "buy" rating to a "hold" rating and set a C$152.00 target price for the company. in a research note on Tuesday, March 11th.

Franco-Nevada Trading Up 2.3%

The company has a market capitalization of C$30.13 billion, a P/E ratio of -47.95, a PEG ratio of 5.00 and a beta of 0.68. The firm's 50 day moving average price is C$225.26 and its two-hundred day moving average price is C$197.77.

Insider Transactions at Franco-Nevada

In other news, Director Boris De Vries sold 500 shares of the stock in a transaction that occurred 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. Also, Senior Officer Lena Miller sold 1,700 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of C$210.37, for a total value of C$357,620.50. Insiders sold 16,054 shares of company stock valued at $3,563,292 in the last ninety days. 0.69% of the stock is currently owned by corporate insiders.

Franco-Nevada Company Profile

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.

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