Franco-Nevada (TSE:FNV) Share Price Passes Above 200 Day Moving Average – Here’s Why

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$171.96 and traded as high as C$186.44. Franco-Nevada shares last traded at C$185.75, with a volume of 186,651 shares trading hands.

Analyst Upgrades and Downgrades

FNV has been the topic of several analyst reports. Canaccord Genuity Group dropped their target price on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a report on Monday, November 18th. UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. CIBC raised their price objective on shares of Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Finally, Stifel Nicolaus upped their target price on shares of Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$190.80.

Franco-Nevada Trading Down 0.5 %

The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. The stock’s 50-day moving average is C$174.22 and its two-hundred day moving average is C$171.96. The company has a market cap of C$35.74 billion, a P/E ratio of -44.33, a P/E/G ratio of 5.00 and a beta of 0.68.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$1.09 earnings per share for the quarter, missing the consensus estimate of C$1.15 by C($0.06). Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. During the same period in the prior year, the firm earned $1.22 EPS. As a group, equities research analysts predict that Franco-Nevada Co. will post 3.1114111 earnings per share for the current fiscal year.

Franco-Nevada Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.487 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Thursday, December 5th. Franco-Nevada’s payout ratio is currently -46.30%.

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.