Franco-Nevada (TSE:FNV) Stock Price Crosses Above 200 Day Moving Average of $155.53

Franco-Nevada Co. (TSE:FNVGet Free Report) (NYSE:FNV)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$155.53 and traded as high as C$169.92. Franco-Nevada shares last traded at C$169.89, with a volume of 228,171 shares changing hands.

Wall Street Analyst Weigh In

FNV has been the subject of a number of analyst reports. National Bankshares boosted their price target on Franco-Nevada from C$190.00 to C$195.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Bank of America boosted their price target on Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Canaccord Genuity Group boosted their price objective on Franco-Nevada from C$168.00 to C$177.00 in a research report on Tuesday, April 23rd. BMO Capital Markets cut their price objective on Franco-Nevada from C$205.00 to C$201.00 and set an “outperform” rating for the company in a research report on Tuesday, May 21st. Finally, Scotiabank cut their price objective on Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a research report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$191.17.

Check Out Our Latest Analysis on FNV

Franco-Nevada Trading Down 4.7 %

The company has a 50 day moving average price of C$167.55 and a 200 day moving average price of C$155.53. The firm has a market cap of C$31.12 billion, a price-to-earnings ratio of -46.77, a price-to-earnings-growth ratio of 5.00 and a beta of 0.62. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.40.

Franco-Nevada (TSE:FNVGet Free Report) (NYSE:FNV) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.94 by C$0.08. Franco-Nevada had a negative return on equity of 7.75% and a negative net margin of 39.96%. The business had revenue of C$346.20 million for the quarter. On average, research analysts expect that Franco-Nevada Co. will post 4.5495327 earnings per share for the current year.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be paid a dividend of $0.487 per share. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.48. The ex-dividend date is Wednesday, June 12th. This represents a $1.95 annualized dividend and a yield of 1.20%. Franco-Nevada’s dividend payout ratio is presently -57.23%.

Insider Buying and Selling

In other news, Director Jacques Perron bought 290 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were purchased at an average price of C$173.05 per share, with a total value of C$50,184.50. Following the purchase, the director now owns 983 shares in the company, valued at C$170,108.15. In related news, Director Jacques Perron purchased 290 shares of Franco-Nevada stock in a transaction on Tuesday, May 7th. The shares were bought at an average price of C$173.05 per share, with a total value of C$50,184.50. Following the transaction, the director now directly owns 983 shares of the company’s stock, valued at C$170,108.15. Also, Director Paul Brink sold 3,445 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85. In the last 90 days, insiders have sold 49,915 shares of company stock valued at $8,347,612. Corporate insiders own 0.69% of the company’s stock.

About Franco-Nevada

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Franco-Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada and related companies with MarketBeat.com's FREE daily email newsletter.