Franco-Nevada (TSE:FNV) Share Price Breaks Above 50-Day Moving Average – Time to Sell?

Franco-Nevada Co. (TSE:FNV – Get Free Report) (NYSE:FNV)’s stock price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$349.73 and traded as high as C$354.04. Franco-Nevada shares last traded at C$351.81, with a volume of 668,548 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised their price target on Franco-Nevada from C$390.00 to C$410.00 and gave the stock a “buy” rating in a research report on Monday, October 19th. Three research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Franco-Nevada presently has an average rating of “Strong Buy” and a consensus target price of C$375.50.

Get Our Latest Stock Analysis on FNV

Franco-Nevada Stock Up 2.4%

The firm has a market capitalization of C$69.48 billion, a P/E ratio of 47.09, a P/E/G ratio of 5.00 and a beta of 0.97. The stock has a fifty day moving average of C$349.41 and a 200-day moving average of C$333.28.

Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) last released its earnings results on Tuesday, August 11th. The company reported C$2.57 EPS for the quarter. Franco-Nevada had a return on equity of 18.95% and a net margin of 63.83%. The firm had revenue of C$825.33 million for the quarter. Sell-side analysts predict that Franco-Nevada Co. will post 3.11 EPS for the current fiscal year.

Insider Activity

In other news, insider Sandip Rana sold 5,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of C$364.37, for a total value of C$1,821,850.00. Following the sale, the insider owned 60,274 shares of the company’s stock, valued at C$21,962,037.38. The trade was a 7.66% decrease in their ownership of the stock. 0.69% of the stock is owned by company insiders.

Franco-Nevada Company Profile

(Get Free Report)

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.

Further Reading

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