Franco-Nevada (TSE:FNV) stock price exceeds its 200-day moving average of $155.36

Franco Nevada Co. (TSE:FNV – Get a Free Report) NYSE: FNV During trading on Wednesday, the price rose above the 200-day moving average. The stock has a 200-day moving average of $155.36 and traded as high as $170.39. Franco-Nevada shares last traded at C$167.50, on volume of 302,949 shares.

Changes in analyst ratings

Several research analysts have issued reports on FNV shares. Eight Capital raised their target price on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the stock a “buy” rating in a report on Monday, April 22. Scotiabank lowered their price target on shares of Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a report on Thursday, March 7. National Bankshares raised their price target on shares of Franco-Nevada from C$190.00 to C$195.00 and gave the company a “sector perform” rating in a report on Friday, May 3. Bank of America raised their price target on shares of Franco-Nevada from C$186.00 to C$190.00 in a research note on Tuesday, April 9. Finally, BMO Capital Markets lowered their price target on shares of Franco-Nevada from C$205.00 to C$201.00 in a research note on Tuesday, May 21. Three equities research 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 a consensus rating of ‘Moderate Buy’ and a consensus price target of $191.17.

Read our latest analysis on Franco-Nevada

Franco-Nevada price performance

The company has a quick ratio of 23.26, a current ratio of 29.40 and a debt-to-equity ratio of 1.63. The company has a market capitalization of C$32.21 billion, a price-to-earnings ratio of -48.41, a price-to-earnings growth ratio of 5.00 and a beta of 0.62. The company has a fifty-day simple moving average of $166.35 and a two-hundred-day simple moving average of $155.36.

Franco-Nevada (TSE:FNV – Get Free Report) NYSE: FNV last published its quarterly figures on Wednesday, May 1. The company reported earnings per share of €1.02 for the quarter, beating analysts’ consensus estimates of €0.94 by €0.08. The company had revenue of C$346.20 million for the quarter. Franco-Nevada had a negative return on equity of 7.75% and a negative net margin of 39.96%. On average, stock analysts expect Franco-Nevada Co. will record a profit per share of 4.5495327 for the current financial year.

Franco-Nevada increases dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27. A dividend of $0.487 per share will be paid to shareholders of record on Thursday, June 13. The ex-dividend date is Wednesday, June 12. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.48. This represents a dividend of $1.95 annually and a yield of 1.16%. Franco-Nevada’s payout ratio currently stands at -57.23%.

Insider transactions at Franco-Nevada

In other news, Senior Officer Eaun Harrison Gray sold 330 shares of the stock in a transaction on Monday, March 25. The shares sold at an average price of C$156.69, for a total value of C$51,707.70. In other news, Senior Officer Eaun Harrison Gray sold 330 shares of the company’s stock in a transaction on Monday, March 25. The shares were sold at an average price of C$156.69, for a total transaction of C$51,707.70. Also, Senior Officer Sandip Rana sold 10,749 shares of the stock in a transaction dated Thursday, March 21. The shares sold at an average price of C$160.29, for a total value of C$1,722,952.91. Last quarter, insiders sold 36,839 company shares worth $6,121,958. 0.69% of the shares are currently owned by business insiders.

About French Nevada

(Get a 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 the 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.

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