Franco-Nevada (TSE:FNV) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Shares crossed above the 200-day moving average: Franco‑Nevada traded as high as C$363.38 and closed around C$363.05 versus a 200‑day SMA of C$311.42, with volume of ~290,838 shares and the stock up about 1.7%.
• Several analysts raised target prices in recent notes (Stifel to C$380, BofA to C$384, National Bank to C$400, CIBC to C$480) while Canaccord moved to a "hold," leaving a MarketBeat consensus rating of Moderate Buy and an average target of C$336.67.
• Company fundamentals show a C$70B market cap, PE of 63.03, quarterly EPS of C$3.86 and revenue of C$795.5M, along with a very low debt‑to‑equity of 0.11, high liquidity (current ratio 8.30, quick ratio 23.26), and a strong net margin (61.1%).

Shares of Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$311.42 and traded as high as C$363.38. Franco-Nevada shares last traded at C$363.05, with a volume of 290,838 shares traded.

Analyst Ratings Changes

FNV has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their target price on shares of Franco-Nevada from C$340.00 to C$380.00 in a research note on Tuesday, February 10th. Bank of America boosted their target price on shares of Franco-Nevada from C$367.00 to C$384.00 in a research note on Thursday, February 26th. National Bank Financial boosted their target price on shares of Franco-Nevada from C$380.00 to C$400.00 in a research note on Thursday, March 12th. Canadian Imperial Bank of Commerce boosted their target price on shares of Franco-Nevada from C$460.00 to C$480.00 in a research note on Wednesday, February 4th. Finally, Canaccord Genuity Group cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and boosted their target price for the company from C$350.00 to C$380.00 in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$336.67.

Franco-Nevada Trading Up 1.7%

The company has a debt-to-equity ratio of 0.11, a current ratio of 8.30 and a quick ratio of 23.26. The stock has a market capitalization of C$70.00 billion, a PE ratio of 63.03, a PEG ratio of 5.00 and a beta of 0.96. The stock's 50 day simple moving average is C$344.81 and its two-hundred day simple moving average is C$311.42.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last announced its quarterly earnings results on Tuesday, March 10th. The company reported C$3.86 EPS for the quarter. The company had revenue of C$795.48 million for the quarter. Franco-Nevada had a net margin of 61.07% and a return on equity of 16.25%. On average, sell-side analysts expect that Franco-Nevada Co. will post 3.1114111 EPS for the current year.

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. 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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