Franco-Nevada (TSE:FNV) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$197.77 and traded as high as C$222.29. Franco-Nevada shares last traded at C$222.04, with a volume of 248,678 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. BMO Capital Markets raised Franco-Nevada to a “strong-buy” rating in a report on Wednesday, April 16th. TD Securities downgraded Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price target for the company. in a report on Tuesday, March 11th. Stifel Nicolaus raised their price target on Franco-Nevada from C$220.00 to C$265.00 in a report on Monday, April 21st. CIBC raised their price target on Franco-Nevada from C$260.00 to C$280.00 in a report on Thursday, April 17th. Finally, National Bankshares cut their price target on Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday, March 11th.

Franco-Nevada Stock Performance

The firm has a market cap of C$30.13 billion, a price-to-earnings ratio of -47.95, a P/E/G ratio of 5.00 and a beta of 0.68. The firm has a fifty day simple moving average of C$225.26 and a 200-day simple moving average of C$197.77.

Insider Transactions at Franco-Nevada

In other news, Director Paul Brink sold 5,448 shares of Franco-Nevada stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of C$223.81, for a total transaction of C$1,219,335.40. Also, Senior Officer Sandip Rana sold 5,675 shares of Franco-Nevada stock in a transaction on Thursday, March 20th. The stock was sold at an average price of C$223.86, for a total value of C$1,270,422.53. Over the last 90 days, insiders sold 16,054 shares of company stock valued at $3,563,292. 0.69% of the stock is currently owned by corporate insiders.

About Franco-Nevada

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.