Insider Selling: Franco-Nevada (TSE:FNV) Insider Sells 10,000 Shares

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) insider Sandip Rana sold 10,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$344.87, for a total transaction of C$3,448,700.00. Following the sale, the insider directly owned 60,274 shares of the company’s stock, valued at approximately C$20,786,694.38. This trade represents a 14.23% decrease in their ownership of the stock.

Franco-Nevada Trading Up 1.7%

Shares of FNV traded up C$5.78 during midday trading on Thursday, reaching C$352.65. 258,085 shares of the company were exchanged, compared to its average volume of 387,295. The stock has a 50-day moving average price of C$305.74 and a 200-day moving average price of C$324.83. The company has a market cap of C$68.01 billion, a price-to-earnings ratio of 46.10, a P/E/G ratio of 5.00 and a beta of 0.96. Franco-Nevada Co. has a 1-year low of C$247.96 and a 1-year high of C$388.22.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its earnings results on Tuesday, August 11th. The company reported C$2.57 earnings per share for the quarter. The company had revenue of C$825.33 million during the quarter. Franco-Nevada had a return on equity of 18.95% and a net margin of 63.83%. Equities research analysts anticipate that Franco-Nevada Co. will post 3.1114111 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on FNV. BMO Capital Markets increased their price objective on shares of Franco-Nevada from C$370.00 to C$410.00 in a research report on Wednesday, April 22nd. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. Stifel Nicolaus raised their price target on shares of Franco-Nevada from C$380.00 to C$390.00 in a report on Friday, July 17th. Finally, National Bank Financial raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating and lifted their price target for the stock from C$410.00 to C$420.00 in a research note on Wednesday, May 13th. Three research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus price target of C$356.56.

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. Franco-Nevada’s short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.