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

Franco-Nevada logo with Basic Materials background

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV's stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$199.45 and traded as high as C$231.36. Franco-Nevada shares last traded at C$230.37, with a volume of 243,244 shares changing hands.

Analysts Set New Price Targets

Several analysts have issued reports on the company. CIBC boosted their price target on Franco-Nevada from C$260.00 to C$280.00 in a report on Thursday, April 17th. TD Securities downgraded Franco-Nevada from a "buy" rating to a "hold" rating and set a C$152.00 price objective on the stock. in a research report on Tuesday, March 11th. Bank of America lowered their price objective on Franco-Nevada from C$272.00 to C$266.00 in a research report on Wednesday. National Bankshares lowered their price objective on Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday, March 11th. Finally, Stifel Nicolaus boosted their price objective on Franco-Nevada from C$220.00 to C$265.00 in a research report on Monday, April 21st.

Check Out Our Latest Analysis on FNV

Franco-Nevada Price Performance

The company has a 50-day moving average price of C$227.12 and a 200 day moving average price of C$200.66. The firm has a market capitalization of C$31.59 billion, a PE ratio of -50.28, a P/E/G ratio of 5.00 and a beta of 0.68.

Insider Activity

In related news, Senior Officer Lena Miller sold 1,700 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$210.37, for a total value of C$357,620.50. Also, Director Boris De Vries sold 500 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total value of C$108,540.35. Insiders have sold 16,054 shares of company stock worth $3,563,292 over the last ninety days. Corporate insiders own 0.69% of the company's stock.

Franco-Nevada Company Profile

(Get Free Report)

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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