Franco-Nevada (TSE:FNV) Stock Crosses Above Two Hundred Day Moving Average of $156.63

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$156.63 and traded as high as C$166.41. Franco-Nevada shares last traded at C$163.03, with a volume of 409,324 shares changing hands.

Wall Street Analysts Forecast Growth

FNV has been the topic of a number of analyst reports. Bank of America upped their target price on Franco-Nevada from C$186.00 to C$190.00 in a research note on Tuesday, April 9th. Raymond James lifted their price objective on shares of Franco-Nevada from C$150.00 to C$151.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Stifel Nicolaus raised their target price on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Eight Capital raised their price objective on Franco-Nevada from C$190.00 to C$200.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, National Bankshares upped their target price on Franco-Nevada from C$190.00 to C$195.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$188.82.

Franco-Nevada Price Performance

The company has a market cap of C$31.35 billion, a PE ratio of -47.12, a price-to-earnings-growth ratio of 5.00 and a beta of 0.62. The firm has a 50 day simple moving average of C$166.73 and a 200-day simple moving average of C$156.63. The company has a quick ratio of 23.26, a current ratio of 29.40 and a debt-to-equity ratio of 1.63.

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

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were paid a $0.487 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.48. This represents a $1.95 dividend on an annualized basis and a yield of 1.19%. Franco-Nevada’s dividend payout ratio (DPR) is -57.23%.

Insider Activity

In other Franco-Nevada news, Senior Officer Adrian Wong sold 530 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$162.20, for a total transaction of C$85,966.00. In other news, Senior Officer Adrian Wong sold 530 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$162.20, for a total value of C$85,966.00. Also, Director Catharine Elizabeth Goddard Farrow sold 20,000 shares of Franco-Nevada stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of C$171.78, for a total value of C$3,435,562.00. Following the sale, the director now directly owns 301 shares of the company’s stock, valued at approximately C$51,705.21. Insiders have sold a total of 33,606 shares of company stock worth $5,747,182 over the last 90 days. 0.69% of the stock is currently owned by corporate insiders.

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.