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

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's share price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Analysts Set New Price Targets

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

Franco-Nevada Stock Up 0.2%

The stock has a market cap of C$32.04 billion, a price-to-earnings ratio of -50.99, a PEG ratio of 5.00 and a beta of 0.68. The business's 50 day simple moving average is C$225.41 and its 200 day simple moving average is C$219.33.

Insiders Place Their Bets

In other news, Director Boris De Vries sold 1,500 shares of the 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 shares were sold at an average price of C$232.91, for a total transaction of C$3,319,153.38. Company insiders own 0.69% of the company's stock.

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.