Franco-Nevada (TSE:FNV) Insider Sells C$1,821,850.00 in Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) insider Sandip Rana sold 5,000 shares of the company’s stock in a transaction that occurred on 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 owned 60,274 shares in the company, valued at approximately C$21,962,037.38. This represents a 7.66% decrease in their position.

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

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

Franco-Nevada Trading Down 1.2%

FNV opened at C$370.88 on Thursday. Franco-Nevada Co. has a 12-month low of C$252.72 and a 12-month high of C$388.22. The firm has a market capitalization of C$71.53 billion, a PE ratio of 48.48, a P/E/G ratio of 5.00 and a beta of 0.96. The firm has a 50 day moving average of C$311.84 and a two-hundred day moving average of C$326.57.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C$2.57 EPS for the quarter. The business 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%. As a group, analysts predict that Franco-Nevada Co. will post 3.1114111 EPS for the current fiscal year.

Analyst Ratings Changes

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