Boris De Vries Sells 2,000 Shares of Franco-Nevada (TSE:FNV) Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Director Boris De Vries sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of C$262.30, for a total transaction of C$524,598.00. Following the sale, the director directly owned 4,770 shares of the company’s stock, valued at approximately C$1,251,166.23. This trade represents a 29.54% decrease in their position.

Franco-Nevada Trading Up 0.3%

Shares of Franco-Nevada stock opened at C$295.80 on Tuesday. The company has a 50 day moving average of C$247.22 and a 200-day moving average of C$233.40. Franco-Nevada Co. has a 1-year low of C$157.70 and a 1-year high of C$298.25. The company has a market cap of C$57.00 billion, a PE ratio of 72.68, a price-to-earnings-growth ratio of 5.00 and a beta of 0.53.

Wall Street Analysts Forecast Growth

FNV has been the subject of a number of recent analyst reports. Canaccord Genuity Group upped their price target on shares of Franco-Nevada from C$262.00 to C$267.00 in a report on Tuesday, June 10th. Bank of America upped their price objective on shares of Franco-Nevada from C$255.00 to C$290.00 in a research report on Friday, August 29th. Finally, BMO Capital Markets upped their price objective on shares of Franco-Nevada from C$260.00 to C$261.00 in a research report on Wednesday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average price target of C$240.00.

Franco-Nevada Company Profile

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration.