Franco-Nevada Co. (TSE:FNV - Get Free Report) (NYSE:FNV) insider Sandip Rana sold 5,000 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of C$364.37, for a total value 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 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 value of C$3,448,700.00.
Franco-Nevada Stock Up 2.2%
TSE:FNV opened at C$374.01 on Tuesday. The company has a market cap of C$72.14 billion, a PE ratio of 48.89, a P/E/G ratio of 5.00 and a beta of 0.96. The business's 50 day moving average is C$309.78 and its two-hundred day moving average is C$325.78. Franco-Nevada Co. has a 52 week low of C$252.72 and a 52 week high of C$388.22.
Franco-Nevada (TSE:FNV - Get Free Report) (NYSE:FNV) last issued its quarterly earnings results on Tuesday, August 11th. The company reported C$2.57 earnings per share for the quarter. The business 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%. As a group, sell-side analysts expect that Franco-Nevada Co. will post 3.1114111 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts have weighed in on FNV shares. Stifel Nicolaus boosted their target price on shares of Franco-Nevada from C$380.00 to C$390.00 in a research note on Friday, July 17th. TD Securities raised shares of Franco-Nevada from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 20th. National Bank Financial raised shares of 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. Finally, 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. Three analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, Franco-Nevada presently has an average rating of "Strong Buy" and a consensus price target of C$356.56.
Read Our Latest Stock Analysis on FNV
Franco-Nevada Company Profile
(
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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