Franco-Nevada Co. (TSE:FNV – Get Free Report) (NYSE:FNV) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$327.35 and traded as high as C$369.40. Franco-Nevada shares last traded at C$364.59, with a volume of 746,927 shares traded.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. TD Securities raised Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. National Bank Financial raised Franco-Nevada from a “hold” rating to a “strong-buy” rating and boosted their price objective for the stock from C$410.00 to C$420.00 in a research note on Wednesday, May 13th. Finally, Stifel Nicolaus increased their target price on Franco-Nevada from C$380.00 to C$390.00 in a report on Friday, July 17th. Three analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and an average price target of C$356.56.
Check Out Our Latest Analysis on FNV
Franco-Nevada Stock Up 0.9%
Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) last issued its quarterly earnings results on Tuesday, August 11th. The company reported C$2.57 earnings per share for the quarter. Franco-Nevada had a net margin of 63.83% and a return on equity of 18.95%. The business had revenue of C$825.33 million during the quarter. On average, equities research analysts anticipate that Franco-Nevada Co. will post 3.1114111 EPS for the current year.
Insider Buying and Selling
In other news, insider Sandip Rana sold 10,000 shares of Franco-Nevada stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$344.87, for a total value of C$3,448,700.00. Following the completion of the sale, the insider directly owned 60,274 shares of the company’s stock, valued at approximately C$20,786,694.38. This trade represents a 14.23% decrease in their position. Insiders own 0.69% of the company’s stock.
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. 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.
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