Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Director David Harquail sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of C$99.33, for a total value of C$496,650.00.
Franco-Nevada Co. (TSE:FNV) traded up C$1.64 during trading hours on Thursday, reaching C$98.82. The company’s stock had a trading volume of 729,065 shares, compared to its average volume of 470,959. Franco-Nevada Co. has a 1 year low of C$71.44 and a 1 year high of C$110.18.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be paid a $0.296 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.20%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, December 6th. Franco-Nevada’s payout ratio is presently 87.38%.
FNV has been the subject of a number of recent research reports. Canaccord Genuity boosted their target price on Franco-Nevada from C$119.00 to C$121.00 in a research report on Tuesday, November 7th. Royal Bank of Canada lifted their price objective on Franco-Nevada from C$100.00 to C$116.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Eight Capital reaffirmed a “neutral” rating on shares of Franco-Nevada in a research note on Thursday, November 16th. TD Securities lifted their price objective on Franco-Nevada to C$123.50 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Finally, Scotiabank lifted their price objective on Franco-Nevada to C$100.00 and gave the stock a “sector perform” rating in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Franco-Nevada currently has a consensus rating of “Hold” and an average price target of C$109.06.
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Franco-Nevada Company Profile
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
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