Key Points
- Insider sale: Sandip Rana sold 10,000 Franco-Nevada shares for approximately C$3.45 million at an average price of C$344.87, reducing the insider’s position by 14.23% to 60,274 shares.
- Financial performance: Franco-Nevada reported quarterly EPS of C$2.57 and revenue of C$825.33 million, with a 63.83% net margin and 18.95% return on equity.
- Analyst outlook: Analysts maintain a favorable view, with three Strong Buy and two Buy ratings, producing an average rating of Strong Buy and an average price target of C$356.56.
Franco-Nevada Co. (TSE:FNV - Get Free Report) (NYSE:FNV) insider Sandip Rana sold 10,000 shares of the firm's stock in a transaction that occurred 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 owned 60,274 shares in the company, valued at approximately C$20,786,694.38. The trade was a 14.23% decrease in their position.
Franco-Nevada Price Performance
Shares of TSE:FNV opened at C$356.74 on Friday. The company has a market capitalization of C$68.80 billion, a P/E ratio of 46.63, 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. The firm's 50 day simple moving average is C$307.07 and its two-hundred day simple moving average is C$325.10.
Franco-Nevada (TSE:FNV - Get Free Report) (NYSE:FNV) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C$2.57 earnings per share (EPS) for the quarter. The firm had revenue of C$825.33 million during the quarter. Franco-Nevada had a net margin of 63.83% and a return on equity of 18.95%. On average, sell-side analysts anticipate that Franco-Nevada Co. will post 3.1114111 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. TD Securities upgraded Franco-Nevada from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 20th. National Bank Financial upgraded Franco-Nevada from a "hold" rating to a "strong-buy" rating and boosted their price objective for the company from C$410.00 to C$420.00 in a research report on Wednesday, May 13th. Stifel Nicolaus upped their price objective on Franco-Nevada from C$380.00 to C$390.00 in a research note on Friday, July 17th. Finally, Canaccord Genuity Group raised Franco-Nevada from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, Franco-Nevada has an average rating of "Strong Buy" and an average price target of C$356.56.
View Our Latest Report on FNV
About Franco-Nevada
(
Get Free Report)
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.
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