A number of other equities analysts have also issued reports on the company. Eight Capital reaffirmed a neutral rating on shares of Franco Nevada in a research report on Thursday, November 16th. Desjardins reaffirmed a sell rating on shares of Franco Nevada in a research report on Monday, December 11th. TD Securities cut their target price on Franco Nevada to C$124.00 and set a buy rating on the stock in a research report on Friday, December 1st. Royal Bank of Canada upped their target price on Franco Nevada from C$100.00 to C$116.00 and gave the company an outperform rating in a research report on Tuesday, November 14th. Finally, National Bank Financial cut their target price on Franco Nevada from C$107.50 to C$102.50 in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Franco Nevada presently has an average rating of Hold and a consensus target price of C$114.29.
Franco Nevada (TSE:FNV) opened at C$87.25 on Thursday. Franco Nevada has a 52-week low of C$81.71 and a 52-week high of C$110.18. The stock has a market capitalization of $16,180.00, a P/E ratio of 63.69 and a beta of -0.44.
In related news, Director Pierre Lassonde sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of C$97.96, for a total transaction of C$1,959,200.00. Also, Director David Harquail sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of C$99.33, for a total value of C$496,650.00. Over the last three months, insiders have sold 29,000 shares of company stock worth $2,843,090.
About Franco Nevada
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
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