Franco-Nevada (TSE:FNV) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$308.24 and traded as high as C$333.20. Franco-Nevada shares last traded at C$324.96, with a volume of 418,725 shares traded.

Wall Street Analysts Forecast Growth

FNV has been the subject of several research reports. Bank of America boosted their price objective on Franco-Nevada from C$367.00 to C$384.00 in a research note on Thursday, February 26th. Stifel Nicolaus raised their target price on Franco-Nevada from C$340.00 to C$380.00 in a research report on Tuesday, February 10th. National Bank Financial lifted their price target on Franco-Nevada from C$380.00 to C$400.00 in a research note on Thursday, March 12th. UBS Group boosted their price target on Franco-Nevada from C$260.00 to C$270.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Finally, Canaccord Genuity Group lowered Franco-Nevada from a “buy” rating to a “hold” rating and raised their price objective for the company from C$350.00 to C$380.00 in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$336.67.

Franco-Nevada Stock Up 0.2%

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 has a market capitalization of C$62.65 billion, a PE ratio of 56.42, a P/E/G ratio of 5.00 and a beta of 0.81. The business’s 50 day simple moving average is C$344.40 and its 200 day simple moving average is C$308.24.

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