Franco-Nevada (TSE:FNV) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Franco-Nevada crossed above its 200-day moving average (200‑day MA C$298.62), trading as high as C$350.88 and last at C$348.74 on volume of 425,783 shares.
• Analysts are mixed but generally positive: MarketBeat shows an average rating of "Moderate Buy" with a consensus target price of C$316.11, which is below the current share price.
• Fundamentals show a C$67.23 billion market cap and a high P/E of 73.11 (PEG 5.00), alongside very low leverage (debt/equity 0.12) and strong liquidity metrics (quick ratio 23.26).

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$298.62 and traded as high as C$350.88. Franco-Nevada shares last traded at C$348.74, with a volume of 425,783 shares.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FNV. Royal Bank Of Canada upgraded shares of Franco-Nevada from a "hold" rating to a "moderate buy" rating and set a C$250.00 price target for the company in a research report on Wednesday, December 10th. Canadian Imperial Bank of Commerce increased their target price on shares of Franco-Nevada from C$460.00 to C$480.00 in a research report on Wednesday, February 4th. Stifel Nicolaus raised their price target on shares of Franco-Nevada from C$340.00 to C$380.00 in a research note on Tuesday, February 10th. UBS Group lifted their price target on shares of Franco-Nevada from C$260.00 to C$270.00 and gave the stock a "buy" rating in a report on Tuesday, December 2nd. Finally, Canaccord Genuity Group downgraded Franco-Nevada from a "buy" rating to a "hold" rating and upped their price objective for the company from C$350.00 to C$380.00 in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$316.11.

Franco-Nevada Trading Down 2.5%

The company has a market cap of C$67.23 billion, a P/E ratio of 73.11, a price-to-earnings-growth ratio of 5.00 and a beta of 0.78. The company has a quick ratio of 23.26, a current ratio of 4.64 and a debt-to-equity ratio of 0.12. The firm's 50-day moving average price is C$335.37 and its 200-day moving average price is C$298.62.

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.

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