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

Key Points

• Franco-Nevada's stock price recently crossed above its 200-day moving average, reaching a high of C$255.54 before closing at C$252.72.
• Analysts are mixed on Franco-Nevada, with three ratings of "Strong Buy," and an average price target of C$237.00, despite Bank of America recently lowering its target price.
• Insider activity includes significant share sales by directors, with 0.69% of the stock owned by corporate insiders, indicating potential market confidence or strategic selling.

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV's share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$222.77 and traded as high as C$255.54. Franco-Nevada shares last traded at C$252.72, with a volume of 300,092 shares traded.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of Franco-Nevada from C$262.00 to C$267.00 in a research report on Tuesday, June 10th. BMO Capital Markets raised their price objective on shares of Franco-Nevada from C$260.00 to C$261.00 in a research report on Wednesday, May 28th. Finally, Bank of America cut their price objective on shares of Franco-Nevada from C$272.00 to C$266.00 in a research report on Wednesday, May 28th. Three research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Franco-Nevada has a consensus rating of "Strong Buy" and a consensus target price of C$237.00.

Franco-Nevada Price Performance

The company's 50 day moving average price is C$229.44 and its 200 day moving average price is C$224.43. The firm has a market cap of C$34.77 billion, a PE ratio of -55.34, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68.

Insider Activity at Franco-Nevada

In other news, Director Paul Brink sold 14,251 shares of the firm's stock in a transaction that occurred on 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. Also, Director Boris De Vries sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of C$241.96, for a total transaction of C$362,932.65. Company 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.