Franco-Nevada (TSE:FNV) Shares Pass Above Two Hundred Day Moving Average After Insider Selling

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) shares crossed above its 200-day moving average during trading on Friday following insider buying activity. The stock has a 200-day moving average of C$203.75 and traded as high as C$235.80. Franco-Nevada shares last traded at C$228.99, with a volume of 339,132 shares trading hands.

Analyst Upgrades and Downgrades

FNV has been the topic of several research analyst reports. TD Securities cut shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price target on the stock. in a report on Tuesday, March 11th. BMO Capital Markets boosted their price target on shares of Franco-Nevada from C$260.00 to C$261.00 in a report on Wednesday, May 28th. Stifel Nicolaus boosted their price target on shares of Franco-Nevada from C$220.00 to C$265.00 in a report on Monday, April 21st. CIBC boosted their price target on shares of Franco-Nevada from C$260.00 to C$280.00 in a report on Thursday, April 17th. Finally, Bank of America decreased their price objective on shares of Franco-Nevada from C$272.00 to C$266.00 in a report on Wednesday, May 28th.

Franco-Nevada Price Performance

The stock has a market capitalization of C$31.07 billion, a P/E ratio of -49.45, a PEG ratio of 5.00 and a beta of 0.68. The stock’s fifty day moving average is C$229.00 and its 200-day moving average is C$203.75.

Franco-Nevada Company Profile

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.