Insider Selling: Franco-Nevada (TSE:FNV) Insider Sells C$137,500.00 in Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) insider Adrian Wong sold 500 shares of Franco-Nevada stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of C$275.00, for a total transaction of C$137,500.00. Following the completion of the sale, the insider directly owned 9,613 shares of the company’s stock, valued at approximately C$2,643,575. This trade represents a 4.94% decrease in their position.

Adrian Wong also recently made the following trade(s):

• On Tuesday, August 26th, Adrian Wong sold 310 shares of Franco-Nevada stock. The shares were sold at an average price of C$256.50, for a total value of C$79,515.00.
• On Monday, September 8th, Adrian Wong sold 500 shares of Franco-Nevada stock. The stock was sold at an average price of C$272.00, for a total value of C$136,000.00.

Franco-Nevada Trading Down 0.6%

Shares of TSE FNV opened at C$277.78 on Friday. Franco-Nevada Co. has a 12-month low of C$157.70 and a 12-month high of C$282.52. The firm has a 50 day moving average of C$239.42 and a 200 day moving average of C$229.96. The firm has a market capitalization of C$53.53 billion, a price-to-earnings ratio of 68.25, a price-to-earnings-growth ratio of 5.00 and a beta of 0.53.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Canaccord Genuity Group boosted their price target on Franco-Nevada from C$262.00 to C$267.00 in a report on Tuesday, June 10th. BMO Capital Markets raised their target price on shares of Franco-Nevada from C$260.00 to C$261.00 in a research note on Wednesday, May 28th. Finally, Bank of America upped their price target on shares of Franco-Nevada from C$255.00 to C$290.00 in a research report on Friday, August 29th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Strong Buy” and an average price target of C$240.00.

About Franco-Nevada

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.