Franco-Nevada (TSE:FNV) Insider Sells 5,000 Shares

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) insider Sandip Rana sold 5,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of C$364.37, for a total transaction of C$1,821,850.00. Following the completion of the sale, the insider directly owned 60,274 shares of the company’s stock, valued at approximately C$21,962,037.38. This trade represents a 7.66% decrease in their ownership of the stock.

Sandip Rana also recently made the following trade(s):

• On Wednesday, August 19th, Sandip Rana sold 10,000 shares of Franco-Nevada stock. The shares were sold at an average price of C$344.87, for a total transaction of C$3,448,700.00.

Franco-Nevada Trading Up 1.8%

Franco-Nevada stock traded up C$6.61 during mid-day trading on Monday, hitting C$372.44. The stock had a trading volume of 123,593 shares, compared to its average volume of 387,648. The firm has a market capitalization of C$71.83 billion, a P/E ratio of 48.68, a P/E/G ratio of 5.00 and a beta of 0.96. The firm’s 50 day moving average is C$308.52 and its 200 day moving average is C$325.44. Franco-Nevada Co. has a one year low of C$252.72 and a one year high of C$388.22.

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. Stifel Nicolaus boosted their target price on shares of Franco-Nevada from C$380.00 to C$390.00 in a report on Friday, July 17th. Finally, National Bank Financial upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating and upped their target price for the stock from C$410.00 to C$420.00 in a research report on Wednesday, May 13th. Three analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat, Franco-Nevada has an average 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.