Franco-Nevada (TSE:FNV) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$298.62 and traded as high as C$350.88. Franco-Nevada shares last traded at C$348.74, with a volume of 425,783 shares.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus upped their price target on Franco-Nevada from C$340.00 to C$380.00 in a research report on Tuesday, February 10th. Royal Bank Of Canada raised shares of Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 target price on the stock in a report on Wednesday, December 10th. UBS Group raised their price target on shares of Franco-Nevada from C$260.00 to C$270.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Canaccord Genuity Group cut shares of Franco-Nevada from a “buy” rating to a “hold” rating and upped their price target for the stock from C$350.00 to C$380.00 in a report on Monday, January 26th. Finally, Bank of America increased their price objective on Franco-Nevada from C$367.00 to C$384.00 in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$316.11.

Franco-Nevada Trading Down 2.5%

The stock’s 50 day simple moving average is C$335.37 and its 200 day simple moving average is C$298.62. The firm has a market cap of C$67.23 billion, a PE ratio of 73.11, a PEG ratio of 5.00 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 23.26 and a current ratio of 4.64.

Franco-Nevada Company Profile

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.