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

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-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 traded.

Analyst Upgrades and Downgrades

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

Franco-Nevada Price Performance

The firm has a market cap of C$67.86 billion, a PE ratio of 45.99, a PEG ratio of 5.00 and a beta of 0.97. The business has a 50-day moving average price of C$349.73 and a two-hundred day moving average price of C$333.23.

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

Insiders Place Their Bets

In other news, insider Sandip Rana sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$344.87, for a total value of C$3,448,700.00. Following the transaction, the insider directly owned 60,274 shares in the company, valued at C$20,786,694.38. This trade represents a 14.23% decrease in their position. 0.69% of the stock is currently owned by corporate insiders.

About Franco-Nevada

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.