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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$258.71 and traded as high as C$290.17. Franco-Nevada shares last traded at C$287.61, with a volume of 377,778 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Royal Bank Of Canada upgraded shares of Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 target price on the stock in a research report on Wednesday, December 10th. CIBC raised their price objective on Franco-Nevada from C$315.00 to C$460.00 in a report on Friday, October 10th. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$322.00 to C$350.00 in a research report on Wednesday, October 22nd. TD Securities lowered their target price on Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating for the company in a report on Wednesday, November 5th. Finally, UBS Group lifted their price target on Franco-Nevada from C$260.00 to C$270.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$287.33.

Franco-Nevada Trading Up 0.1%

The firm has a market capitalization of C$55.44 billion, a P/E ratio of 60.30, a price-to-earnings-growth ratio of 5.00 and a beta of 0.74. The company has a 50-day moving average of C$278.49 and a 200-day moving average of C$258.71.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings results on Monday, November 3rd. The company reported C$1.43 earnings per share for the quarter. Franco-Nevada had a negative return on equity of 10.83% and a negative net margin of 57.55%.The company had revenue of C$679.08 million during the quarter. Research analysts predict that Franco-Nevada Co. will post 3.1114111 EPS for the current year.

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.