Franco-Nevada (TSE:FNV) Stock Price Passes 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$170.19 and traded as high as C$184.56. Franco-Nevada shares last traded at C$182.77, with a volume of 106,371 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Canaccord Genuity Group decreased their price target on shares of 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. CIBC raised their target price on shares of Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Stifel Nicolaus increased their price objective on shares of Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Finally, UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$190.80.

Franco-Nevada Stock Up 0.3 %

The company’s fifty day simple moving average is C$172.22 and its 200-day simple moving average is C$170.28. The firm has a market capitalization of C$35.28 billion, a PE ratio of -43.76, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26.

Franco-Nevada Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a dividend of $0.487 per share. The ex-dividend date was Thursday, December 5th. This represents a $1.95 annualized dividend and a yield of 1.06%. Franco-Nevada’s dividend payout ratio (DPR) is -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.