Franco-Nevada (TSE:FNV) Shares Pass 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$212.72 and traded as high as C$218.44. Franco-Nevada shares last traded at C$217.89, with a volume of 331,858 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. CIBC lifted their target price on Franco-Nevada from C$260.00 to C$280.00 in a research report on Thursday, April 17th. Canaccord Genuity Group lifted their target price on Franco-Nevada from C$262.00 to C$267.00 in a research report on Tuesday, June 10th. Stifel Nicolaus lifted their target price on Franco-Nevada from C$220.00 to C$265.00 in a research report on Monday, April 21st. Bank of America cut their price objective on Franco-Nevada from C$272.00 to C$266.00 in a research report on Wednesday, May 28th. Finally, BMO Capital Markets boosted their price objective on Franco-Nevada from C$260.00 to C$261.00 in a research report on Wednesday, May 28th.

Franco-Nevada Stock Up 0.5%

The company has a 50-day simple moving average of C$228.13 and a two-hundred day simple moving average of C$213.38. The firm has a market cap of C$29.63 billion, a PE ratio of -47.16, a PEG ratio of 5.00 and a beta of 0.68.

Insider Transactions at Franco-Nevada

In related news, Director Boris De Vries sold 1,500 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of C$241.96, for a total value 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 shares were sold at an average price of C$232.91, for a total value of C$3,319,153.38. Insiders own 0.69% of the company's stock.

Franco-Nevada Company Profile

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.