Franco-Nevada (TSE:FNV) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Franco-Nevada intraday crossed above its 200-day moving average of C$317.12, trading as high as C$328.44 before last trading at C$311.72 on volume of 428,359 shares.
• Multiple analysts have raised price targets (e.g., CIBC to C$480, BMO to C$410), leaving a MarketBeat consensus rating of Buy with an average target of C$353.22.
• Fundamentals show low leverage (debt/equity 0.11), strong profitability (net margin 61.07%, ROE 16.25%) and a market cap of C$60.10 billion, though the stock trades at a relatively high P/E of 54.12.

Shares of 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$317.12 and traded as high as C$328.44. Franco-Nevada shares last traded at C$311.72, with a volume of 428,359 shares trading hands.

Wall Street Analysts Forecast Growth

FNV has been the subject of several analyst reports. Canadian Imperial Bank of Commerce raised their price target on shares of Franco-Nevada from C$460.00 to C$480.00 in a research note 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. Bank of America raised their price target on shares of Franco-Nevada from C$367.00 to C$384.00 in a research note on Thursday, February 26th. National Bank Financial raised their price target on shares of Franco-Nevada from C$380.00 to C$400.00 in a research note on Thursday, March 12th. Finally, BMO Capital Markets raised their price target on shares of Franco-Nevada from C$370.00 to C$410.00 in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of C$353.22.

Franco-Nevada Stock Performance

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 company's 50-day moving average price is C$343.96 and its two-hundred day moving average price is C$317.12. The company has a market capitalization of C$60.10 billion, a price-to-earnings ratio of 54.12, a PEG ratio of 5.00 and a beta of 0.97.

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

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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