Franco-Nevada (TSE:FNV) Shares Cross Above 200 Day Moving Average – Should You Sell?

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$169.84 and traded as high as C$174.19. Franco-Nevada shares last traded at C$173.02, with a volume of 293,793 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FNV shares. Stifel Nicolaus raised their target price on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. CIBC raised their price objective on Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Canaccord Genuity Group reduced their target price on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research note on Monday, November 18th. Finally, UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Franco-Nevada presently has a consensus rating of “Buy” and a consensus price target of C$190.80.

Franco-Nevada Stock Performance

The company has a market cap of C$32.73 billion, a price-to-earnings ratio of -40.59, a PEG ratio of 5.00 and a beta of 0.68. The firm’s 50 day simple moving average is C$173.73 and its 200-day simple moving average is C$169.87. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11.

Franco-Nevada Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.487 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.95 annualized dividend and a yield of 1.15%. Franco-Nevada’s dividend payout ratio is presently -46.30%.

Insiders Place Their Bets

In related news, Director Nicholas Hugo Housby Dryland bought 805 shares of the business’s stock in a transaction on Monday, September 16th. The stock was acquired at an average cost of C$168.95 per share, with a total value of C$136,001.53. Following the purchase, the director now directly owns 805 shares of the company’s stock, valued at C$136,001.53. The trade was a ∞ increase in their ownership of the stock. Corporate insiders own 0.69% of the company’s stock.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.