Insider Selling: Franco-Nevada Co. (TSE:FNV) Director Sells C$108,540.35 in Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Director Boris De Vries sold 500 shares of Franco-Nevada stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total transaction of C$108,540.35.

Franco-Nevada Stock Up 1.7 %

TSE FNV opened at C$220.26 on Friday. The firm’s 50 day moving average is C$196.24 and its 200-day moving average is C$179.61. The company has a market capitalization of C$29.89 billion, a PE ratio of -47.57, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. Franco-Nevada Co. has a 12-month low of C$153.65 and a 12-month high of C$221.06.

Analyst Ratings Changes

Several brokerages recently commented on FNV. UBS Group raised Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. TD Securities cut Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price objective on the stock. in a report on Tuesday, March 11th. CIBC increased their target price on Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. National Bankshares cut their price target on shares of Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday, March 11th. Finally, Canaccord Genuity Group lowered their price objective 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 report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Franco-Nevada presently has an average rating of “Buy” and an average price target of C$194.10.

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.