Franco-Nevada (TSE:FNV) Stock Crosses Above 200 Day Moving Average – What’s Next?

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$317.12 and traded as high as C$328.44. Franco-Nevada shares last traded at C$311.72, with a volume of 428,359 shares.

Analyst Ratings Changes

FNV has been the subject of several recent analyst reports. Bank of America increased their price objective on shares of Franco-Nevada from C$367.00 to C$384.00 in a research report on Thursday, February 26th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Stifel Nicolaus increased their target price on shares of Franco-Nevada from C$340.00 to C$380.00 in a research note on Tuesday, February 10th. Canadian Imperial Bank of Commerce increased their target price on shares of Franco-Nevada from C$460.00 to C$480.00 in a research note on Wednesday, February 4th. Finally, BMO Capital Markets increased their target price on shares of Franco-Nevada from C$370.00 to C$410.00 in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$353.22.

Franco-Nevada Stock Performance

The firm has a market capitalization of C$60.10 billion, a P/E ratio of 54.12, a price-to-earnings-growth ratio of 5.00 and a beta of 0.97. The company’s 50 day moving average is C$343.96 and its 200-day moving average is C$317.12. The company has a quick ratio of 23.26, a current ratio of 8.30 and a debt-to-equity ratio of 0.11.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its earnings results on Tuesday, March 10th. The company reported C$3.86 earnings per share (EPS) for the quarter. Franco-Nevada had a net margin of 61.07% and a return on equity of 16.25%. The business had revenue of C$795.48 million for the quarter. As a group, equities analysts anticipate that Franco-Nevada Co. will post 3.1114111 EPS for the current year.

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.