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

Key Points

• Franco-Nevada's stock price recently surpassed its 200-day moving average, trading at C$222.95 with a high of C$224.19.
• Several analysts have increased their price targets for Franco-Nevada, with CIBC raising theirs to C$280.00, reflecting positive sentiment around the stock.
• Insider trading activity included significant sales, with Director Paul Brink selling over 14,000 shares for a total value exceeding C$3.3 million.

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$218.08 and traded as high as C$224.19. Franco-Nevada shares last traded at C$222.95, with a volume of 360,545 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FNV shares. Bank of America lowered their target price on shares of Franco-Nevada from C$272.00 to C$266.00 in a report on Wednesday, May 28th. BMO Capital Markets increased their target price on Franco-Nevada from C$260.00 to C$261.00 in a research report on Wednesday, May 28th. Stifel Nicolaus lifted their price target on Franco-Nevada from C$220.00 to C$265.00 in a research report on Monday, April 21st. Canaccord Genuity Group boosted their target price on Franco-Nevada from C$262.00 to C$267.00 in a research report on Tuesday, June 10th. Finally, CIBC lifted their price objective on shares of Franco-Nevada from C$260.00 to C$280.00 in a research note on Thursday, April 17th.

Franco-Nevada Trading Up 0.2%

The firm has a market cap of C$31.96 billion, a P/E ratio of -50.87, a PEG ratio of 5.00 and a beta of 0.68. The firm has a 50-day simple moving average of C$225.27 and a 200-day simple moving average of C$218.86.

Insider Activity

In other Franco-Nevada news, Director Boris De Vries sold 1,500 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of C$241.96, for a total value of C$362,932.65. Also, Director Paul Brink sold 14,251 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of C$232.91, for a total transaction of C$3,319,153.38. 0.69% of the stock is owned by company insiders.

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.