Franco-Nevada (TSE:FNV) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analysts Set New Price Targets

A number of research firms recently weighed in on FNV. CIBC increased their price objective on shares of Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Stifel Nicolaus lifted their price objective on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. UBS Group raised Franco-Nevada to a “strong-buy” rating in a research report on Monday, November 18th. Finally, Canaccord Genuity Group cut their target price on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Franco-Nevada presently has an average rating of “Buy” and a consensus target price of C$190.80.

Franco-Nevada Stock Up 0.3 %

The firm’s 50 day simple moving average is C$172.22 and its 200-day simple moving average is C$170.28. 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 company has a market cap of C$35.28 billion, a price-to-earnings ratio of -43.76, a P/E/G ratio of 5.00 and a beta of 0.68.

Franco-Nevada Cuts Dividend

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