Franco-Nevada Co. (TSE:FNV – Get Free Report) (NYSE:FNV)’s stock price passed above its 200-day moving average during trading on Thursday after Bank of America raised their price target on the stock from C$255.00 to C$290.00. The stock has a 200-day moving average of C$238.04 and traded as high as C$310.40. Franco-Nevada shares last traded at C$303.42, with a volume of 506,675 shares changing hands.
A number of other equities research analysts also recently commented on the stock. BMO Capital Markets increased their price objective on shares of Franco-Nevada from C$260.00 to C$261.00 in a research report on Wednesday, May 28th. Canaccord Genuity Group increased their price objective on shares of Franco-Nevada from C$262.00 to C$267.00 in a research report on Tuesday, June 10th. Three investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$246.88.
Get Our Latest Stock Analysis on FNV
Insider Transactions at Franco-Nevada
Franco-Nevada Trading Down 2.1%
The stock has a market cap of C$58.47 billion, a price-to-earnings ratio of 74.55, a PEG ratio of 5.00 and a beta of 0.53. The stock’s 50 day moving average is C$261.00 and its two-hundred day moving average is C$238.04.
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.
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