Franco-Nevada (TSE:FNV) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV)’s stock 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.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FNV. Stifel Nicolaus boosted their price target on Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. CIBC boosted their price target on Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Canaccord Genuity Group decreased their price target on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a report on Monday, November 18th. Finally, UBS Group raised Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$190.80.

Franco-Nevada Stock Down 0.3 %

The company has a market cap of C$35.17 billion, a price-to-earnings ratio of -43.62, 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 quick ratio of 23.26 and a current ratio of 29.11. The business has a 50-day simple moving average of C$172.34 and a 200-day simple moving average of C$170.19.

Franco-Nevada Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.487 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.07%. Franco-Nevada’s payout ratio is currently -46.30%.

Franco-Nevada Company Profile

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.