Shares of Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$195.71 and traded as high as C$236.15. Franco-Nevada shares last traded at C$235.73, with a volume of 279,013 shares changing hands.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on FNV. National Bankshares decreased their target price on shares of Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday, March 11th. Stifel Nicolaus lifted their price target on Franco-Nevada from C$220.00 to C$265.00 in a research note on Monday, April 21st. TD Securities lowered Franco-Nevada from a "buy" rating to a "hold" rating and set a C$152.00 price objective for the company. in a research note on Tuesday, March 11th. BMO Capital Markets raised shares of Franco-Nevada to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, CIBC increased their price target on shares of Franco-Nevada from C$260.00 to C$280.00 in a research report on Thursday, April 17th.
Read Our Latest Analysis on Franco-Nevada
Franco-Nevada Stock Up 2.4 %
The firm has a market cap of C$31.99 billion, a P/E ratio of -50.91, a PEG ratio of 5.00 and a beta of 0.68. The firm's fifty day moving average is C$224.17 and its two-hundred day moving average is C$196.56.
Insider Activity at Franco-Nevada
In other news, Director Boris De Vries sold 500 shares of the business's stock in a transaction 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 Sandip Rana sold 5,675 shares of Franco-Nevada stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of C$223.86, for a total value of C$1,270,422.53. Insiders have sold 16,054 shares of company stock worth $3,563,292 over the last ninety days. 0.69% of the stock is owned by corporate insiders.
About Franco-Nevada
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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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